MA H3039

Increases the annual cap on Housing Development Incentive Program (HDIP) tax credits that EOHLC may authorize to $100,000,000, with unused portions rolling over to subsequent years

Establishes a per-project cap of $5,000,000 in tax credits for individual housing development projects

Reduces the market-rate unit requirement for qualifying housing development projects from 80% to 75%, allowing more affordable units in eligible developments

Limits eligibility to multi-unit residential rehabilitation projects located in gateway municipalities

Requires the department to approve municipal tax exemption agreements for housing development projects within 90 days