summary
Introduced
03/29/2021
03/29/2021
In Committee
03/29/2021
03/29/2021
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
Relative to the calculation of area median income in municipalities with a population over 100,000 residents. Community Development and Small Businesses.
AI Summary
This bill requires the calculation of area median income in municipalities with a population over 100,000 to be based on the specific zip code, rather than using a citywide or areawide median income. This change applies to various affordable housing and community development programs that rely on area median income calculations, such as those related to low-income housing tax credits, first-time homebuyer assistance, and public housing. The goal is to more accurately reflect the income levels within specific neighborhoods or zip codes, rather than using a single median income figure for the entire municipality.
Committee Categories
Business and Industry
Sponsors (3)
Last Action
Accompanied a study order, see H5027 (on 08/22/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/192/H301 |
| Bill | https://malegislature.gov/Bills/192/H301.pdf |
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