An Act relative to improving the efficiency of the state low income housing tax credit
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill aims to improve the efficiency of Massachusetts’ Low Income Housing Tax Credit (LIHTC) program. It seeks to streamline processes and potentially increase the availability of affordable housing through improvements to the program’s administration. The bill directs a study to explore potential reforms to the LIHTC program, ensuring it effectively supports the creation of affordable housing options for low-income residents. The goal is to enhance the program’s capacity to meet the state’s housing needs.
Key provisions
- Directs a study to examine reforms to the LIHTC program.
- Aims to improve the efficiency of the LIHTC program.
- Seeks to increase the availability of affordable housing.
- Focuses on streamlining processes within the LIHTC program.
- Related to the Low Income Housing Tax Credit.
Who is affected
- Low-income residents
- Housing developers
- Massachusetts Housing Finance Agency
- The State Government
- Nonprofit organizations involved in affordable housing
Notable changes
- The bill mandates a study to identify potential changes to the LIHTC program.
- No specific changes to current law are detailed in the text.
Bill text
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Sponsors
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2 on record
Primary sponsor
Cosponsor
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