Bill > H1510

This bill proposes to add a new section (Section 32) to Chapter 186 of Massachusetts General Laws that requires entities receiving certain tax credits related to housing to establish diversity goals for their property ownership that reflect the demographic population of the properties they own. Specifically, the bill applies to entities claiming tax credits under several specific sections of Massachusetts tax law (sections 6I of chapter 62, section 31H of chapter 63, section 6(q) of chapter 62, and section 38BB of chapter 63). The Department of Housing and Community Development will be responsible for creating regulations to implement and enforce these diversity goals, which aim to ensure that the ownership of government-assisted housing more closely represents the demographic makeup of the communities where these properties are located. This provision seeks to promote greater diversity and equitable representation in housing ownership by tying tax credit eligibility to meaningful demographic representation.

Budget and Finance, Housing and Urban Affairs

https://malegislature.gov/Bills/194/H1510