THE EVERETT ADVOCATE – FRiDAy, AugusT 4, 2023 Page 3 Rep. McGonagle, House raise cap on HDIP B OSTON/EVERETT - Last week Representative Joe McGonagle joined his colleagues in the Massachusetts House in passing a nearly $700 million spending bill that included an amendment composed of a $20 million increase on the Housing Development Incentive Program (HDIP). This increase raised the cap from $10 million to $30 million. The amendment also allowed the Executive Office of Housing and Livable Communities to issue up to $57 million in onetime credits. The House’s version of the bill diff ers slightly from the versions put forward by Governor Maura Healey and the Senate. “As a former vice-chair of the Housing committee here in the Legislature, I’ve heard NEPAL DAY | FROM PAGE 1 Sunday, August 6, 2023, from 12pm-6pm, at Glendale Park, Elm Street. All are invited to celebrate Everett’s growing Nepali community at this event that promises to be a fun day of dance, food and live music representing the Nepali peoJoe McGonagle State Representative housing woes of all kinds from all across the Commonwealth,” said McGonagle. “From Everett, all the way out to Springfi eld, there is a need for more housing at rates aff ordable to ple and culture. “We are proud to partner with the Greater Boston Nepali Community to host Nepal Day in the City of Everett,” said Mayor DeMaria. “This is a great opportunity for all residents to come together as a community to celebrate and learn more about Nepali culture and partake in all this all. The tax incentives created by HDIP have already brought much needed development to places like Everett but the demand remains. By increasing our spending cap, we can attract more developers to create more units thus providing more housing while stimulating the economy. This is a major victory for Gateway Cities. I applaud my colleagues in the Legislature and look forward to continuing this great progress.” HDIP provides Gateway Cities with a tool to develop market rate housing while increasing residential growth, expanding diversity of housing stock, supporting economic development and promoting neighborhood stabilization in designated areas. event has to off er.” The GBNC is a thriving association of Nepalis and friends of Nepal living in and around the Boston area. Over 600 people comprise this diverse group of students, professionals, families and workers. In case of inclement weather, the rain date for this event is Sunday, August 13. WE'RE OPEN! 8 Norwood Street, Everett (617) 387-9810 LIKE US ON FACEBOOK ADVOCATE NEWSPAPER FACEBOOK.COM/ADVOCATE.NEWS.MA www.eight10barandgrille.com OPEN DAILY FOR DINNER AT 4 PM. CATCH THE CELTICS, BRUINS & NCAA SPORTS ON OUR 6 LARGE SCREEN TV'S! om
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