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MA S1946
Bill
AI Summary
- Authorizes EOHLC to issue up to $100,000,000 in housing development tax credits annually, with unused portions rolling over to subsequent years
- Caps individual project credits at $5,000,000
- Reduces the market-rate unit requirement for qualifying housing development projects from 80% to 75%
- Requires the department to approve municipal tax exemption agreements for housing development projects within 90 days
- Applies to multi-unit residential rehabilitation projects located in gateway municipalities
Legislative Description
Relative to the housing development incentive program
Last Action
Hearing scheduled for 09/15/2025 from 01:00 PM-05:00 PM in A-2
9/4/2025
Committee Referrals
Revenue2/27/2025
Full Bill Text
No bill text available