Bill

Bill > S1985


MA S1985

Relative to tax credits for affordable housing


summary

Introduced
03/29/2021
In Committee
03/29/2021
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

For legislation relative to tax credits for affordable housing. Revenue.

AI Summary

This bill directs the Department of Housing and Community Development to promulgate regulations starting in 2023 that require any new construction or major rehabilitation development project receiving Low Income Housing Tax Credit (LIHTC) funding to earn green building certification. This certification must meet standards set by the U.S. Green Building Council's LEED (Leadership in Energy and Environmental Design) system or other equally rigorous systems determined by the Department, in consultation with the Department of Energy Resources. The Department is also directed to amend its Qualified Allocation Plan to reflect these requirements and to analyze and publicly share post-occupancy data on the energy and water efficiency of LIHTC-funded housing, as well as provide information to potential LIHTC applicants about available incentives and support for energy efficiency.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Accompanied a study order, see H5250 (on 10/03/2022)

bill text


bill summary

Loading...

bill summary

Loading...

bill summary

Loading...