Bill > H3149

This bill establishes a special commission to study and recommend reforms to the Low-Income Housing Tax Credit (LIHTC) program in Massachusetts. The commission will be composed of 9 members, including representatives from the legislature, state government, housing development, tax policy, nonprofit housing advocacy, and regional planning, and will be chaired by the Secretary of Housing and Livable Communities. The commission's key tasks include investigating the state-level administration of LIHTC resources, exploring strategies to reduce project costs, examining the potential for additional state tax credits and expedited permitting, identifying best practices for preserving affordable housing, and developing enhanced oversight mechanisms. The commission is required to hold at least three public hearings to gather input from various stakeholders and must submit a comprehensive report with findings and recommendations to the state legislature and relevant committees within 12 months of the act's effective date. The goal is to improve the transparency, efficiency, and overall impact of the LIHTC program in addressing affordable housing needs in the Commonwealth.

Budget and Finance

https://malegislature.gov/Bills/194/H3149