summary
Introduced
02/16/2023
02/16/2023
In Committee
02/16/2023
02/16/2023
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
193rd General Court
Bill Summary
Relative to housing development incentive program tax credits. Housing.
AI Summary
This bill proposes to reform the housing development incentive program tax credits. Specifically, it amends sections of Chapter 40V of the General Laws to require that at least 20% of the housing units developed under this program be affordable. The affordable units must be either rental units for individuals whose income is not more than 50% of the area median income, or owner-occupied units for individuals whose income is not more than 80% of the area median income. The bill also requires that the tax credits be based on both the market rate and the affordable components of the housing development.
Committee Categories
Housing and Urban Affairs
Sponsors (3)
Last Action
Accompanied a study order, see H5035 (on 09/09/2024)
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/193/H1300 |
| BillText | https://malegislature.gov/Bills/193/H1300.pdf |
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