The Massachusetts Department of Housing and Community Development (DHCD) expects all owners of multifamily rental property that receives any form of financial assistance from DHCD and/or its quasi-public affiliates to refrain from implementing any rent increases that might otherwise be permitted based on the revised income and rent figures published by HUD on April 1, 2020 for 120 days from the date of the notice (April 3) or the duration of the state of emergency, whichever is longer.
This includes without limitation properties that have received federal or state tax credits, tax-exempt bond proceeds, federal or state capital dollars and/or federal or state rental assistance.
