Will businesses support smaller lots

A ballot measure in Massachusetts seeks to reduce minimum lot sizes for single-family homes to less than one-eighth of an acre to promote housing development. Business leaders, including Eastern Bank's Bob Rivers, are supporting the effort to address the state's housing crisis by encouraging the construction of smaller starter homes. The proposed law, developed by housing economist Andrew Mikula, requires significant funding for signature collection and has garnered financial backing from real estate groups and individual donors, with little opposition so far. The campaign aims to gather enough signatures to place the measure on the November ballot to help alleviate housing shortages by enabling denser residential development.

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