HOUSE DOCKET, NO. 3627        FILED ON: 2/19/2021

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1375

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

Peter Capano

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To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:

The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:

An Act to reform housing development incentive program tax credits.

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PETITION OF:

 

Name:

District/Address:

Date Added:

Peter Capano

11th Essex

2/19/2021

Daniel Cahill

10th Essex

3/5/2021

Michelle L. Ciccolo

15th Middlesex

3/2/2021


HOUSE DOCKET, NO. 3627        FILED ON: 2/19/2021

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1375

By Mr. Capano of Lynn, a petition (accompanied by bill, House, No. 1375) of Peter Capano, Daniel Cahill and Michelle L. Ciccolo relative to housing development incentive program tax credits.  Housing.

 

The Commonwealth of Massachusetts

 

_______________

In the One Hundred and Ninety-Second General Court
(2021-2022)

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An Act to reform housing development incentive program tax credits.

 

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
 

Section 1 of chapter 40V of the General Laws, as so appearing, is hereby amended by inserting after the word "units", in line 18, the following words:- and not less than 20 per cent affordable: (i) rental units for persons whose income is not more than 50 per cent of the area median income; or (ii) owner-occupied units for persons whose income is not more than 80 per cent of the area median income.

Section 4 of said chapter 40V, as so appearing, is hereby amended by inserting after the word "units", in line 8, the following words:- and not less than 20 per cent affordable: (A) rental units for persons whose income is not more than 50 per cent of the area median income; or (B) owner-occupied units for persons whose income is not more than 80 per cent of the area median income.

Section 5 of said chapter 40V, as so appearing, is hereby amended by inserting after the word "rate", in lines 4 and 14, the following words:- and affordable.