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Unlocking Affordable Housing: Sources and Solutions for Cost Crisis
/in Featured, Housing, News, Podcast Hubwonk /by Editorial StaffJoe Selvaggi talks with Pioneer Institute Housing Fellow Andrew Mikula about his research on the causes and cures for our region’s highest-in-the-nation housing costs.
Part II: Push and Pull Factors for Massachusetts Businesses
/in Blog, Blog: Economy, Blog: Transparency, Featured /by Dana DiChiroHigh UI tax rates make it expensive for businesses to operate in Massachusetts. Learn what affects a company’s decision to operate in Massachusetts.
New Online Tool Tracks MA Hospital Revenue from Commercial Sources
/in Featured, Healthcare, News, Press Releases, Press Releases: Health Care, Press Releases: Healthcare Transparency, Price Transparency, Transparency /by Editorial StaffA new online tool from Pioneer Institute shows a gradual increase in non-commercial (public payer) revenue at Massachusetts hospitals and also reveals a strong relationship between the hospitals with the highest commercial revenue and those with the highest relative prices.
Mayor Wu’s Office to Residential Conversion Pilot Program Prioritizes Downtown Revitalization over Housing Production, Fiscal Responsibility
/in Blog, Blog: Economy, Featured, Housing, Jobs and Business Climate /by Andrew MikulaIn July 2023, in response to a soft post-COVID office market and a daunting housing crisis, Boston Mayor Michelle Wu created a Downtown Office to Residential Conversion Pilot Program. The program uses property tax breaks of up to 75 percent of the assessed value for 29 years to incentivize property owners to convert Downtown Boston office space to apartments or condos. The program also requires the converted residential properties to conform to the city’s stretch energy code and inclusionary zoning policies for new development and institutes a 2 percent real estate transfer tax on future sales of those properties. Applications for the program were originally due by June 2024, with construction due to start on the conversions by October 2025. […]
Northwest Massachusetts’ Reliance on Industry Levies
/in Blog, Blog: Economy, Blog: Transparency /by Raif BoitSome towns in NW Massachusetts spend significantly more per capita than their neighbors, without using methods such as large state funding, deficit spending, and high taxes. These towns gain significant portions of their revenue from industry tax levies.