Amendment #1 to H3982

HDIP

Ms. Fiola of Fall River moves to amend the bill by inserting after section 2A the following 6 sections:-

SECTION 2 1/8. Paragraph (5) of subsection (q) of section 6 of chapter 62 of the 2020 Official Edition, is hereby amended by striking out, in lines 896 to 898, inclusive, the words “The total amount of credits that may be authorized by DHCD in a calendar year pursuant to this subsection and section 38BB of chapter 63 shall not exceed $10,000,000 and” and inserting in place thereof the following 3 sentences:- EOHLC may authorize up to $30,000,000 in credits annually under this subsection and section 38BB of chapter 63. In addition, EOHLC may authorize annually (i) any portion of the annual cap on credits not authorized by EOHLC in the preceding calendar years under this subsection or said section 38BB of said chapter 63; and (ii) any credits under this subsection or said section 38BB of said chapter 63 returned to EOHLC by a certified housing development project. The total amount of credits authorized during a year.

SECTION 2 1/5. Said paragraph (5) of said subsection (q) of said section 6 of said chapter 62, as so appearing, is hereby further amended by inserting, in line 900, after the words “chapter 63;” the following word:- and.

SECTION 2 1/4. Said paragraph (5) of said subsection (q) of said section 6 of said chapter 62, as so appearing, is hereby further amended by striking out, in lines 903 to 905, inclusive, the words “Any portion of the $10,000,000 annual cap not awarded by the DHCD in a calendar year shall not be applied to awards in a subsequent year.”

SECTION 2 1/3. Subdivision (5) of section 38BB of chapter 63, as so appearing, is hereby amended by striking out, in lines 42 to 44, inclusive, the words “The total amount of credits that may be authorized by DHCD in a calendar year under this section and subsection (q) of section (6) of chapter 62 shall not exceed $10,000,000 and” and inserting in place thereof the following 3 sentences:- EOHLC may authorize up to $30,000,000 in credits annually under this section and subsection (q) of section (6) of chapter 62. In addition, EOHLC may authorize annually (i) any portion of the annual cap on credits not authorized by EOHLC in the preceding calendar years under this section or said subsection (q) of said section (6) of said chapter 62; and (ii) any credits under this section or said subsection (q) of said section (6) of said chapter 62 returned to EOHLC by a certified housing development project. The total amount of credits authorized during a year.

SECTION 2 2/5. Said subdivision (5) of said section 38BB of said chapter 63, as so appearing, is hereby further amended by inserting, in line 46, after the words “chapter 62;” the following word:- and.

SECTION 2 1/2. Said subdivision (5) of said section 38BB of said chapter 63, as so appearing, is hereby further amended by striking out, in lines 50 to 52, inclusive, the words “Any portion of the $10,000,000 annual cap not awarded by DHCD in a calendar year shall not be applied to awards in a subsequent year.”

And further moves to amend the bill by adding the following section:-

SECTION 29. Notwithstanding any general or special law to the contrary, in calendar year 2023, the executive office of housing and livable communities may authorize up to $57,000,000 in credits under subsection (q) of section (6) of chapter 62 of the General Laws and section 38BB of chapter 63 of the General Laws. Any portion of this amount that is not authorized in calendar year 2023 shall be added to the amount the executive office of housing and livable communities may authorize in subsequent years under said subsection (q) of said section (6) of said chapter 62 and said section 38BB of said chapter 63.

Additional co-sponsor(s) added to Amendment #1 to H3982

HDIP