Bill > H3432

This bill proposes changes to Massachusetts General Laws related to affordable housing, specifically by repealing sections 20 through 23 of chapter 40B, which likely deal with existing affordable housing regulations. It also significantly increases funding allocations for affordable housing initiatives: it raises the authorized amount from $10,000,000 to $100,000,000 in chapter 62, section 6I, which pertains to tax credits or deductions, and similarly increases the amount from $10,000,000 to $100,000,000 in chapter 63, section 31H, which likely relates to corporate tax provisions. Furthermore, the bill mandates that chapter 121D, section 2, which governs housing and community development, must secure at least $1,000,000,000 over a 10-year period, starting from state fiscal year 2016, and for every subsequent 10-year period, ensuring substantial and ongoing investment in affordable housing.