HOUSE DOCKET, NO. 2172        FILED ON: 1/19/2023

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1300

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

Peter Capano

_________________

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.

_______________

PETITION OF:

 

Name:

District/Address:

Date Added:

Peter Capano

11th Essex

1/19/2023

Judith A. Garcia

11th Suffolk

3/30/2023

James C. Arena-DeRosa

8th Middlesex

6/26/2023


HOUSE DOCKET, NO. 2172        FILED ON: 1/19/2023

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1300

By Representative Capano of Lynn, a petition (accompanied by bill, House, No. 1300) of Peter Capano relative to housing development incentive program tax credits.  Housing.

 

[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE HOUSE, NO. 1375 OF 2021-2022.]

 

The Commonwealth of Massachusetts

 

_______________

In the One Hundred and Ninety-Third General Court
(2023-2024)

_______________

 

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.