An Act relative to incentivizing multi-family housing through redevelopment
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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 proposes to provide tax credits to encourage the redevelopment of certified rural housing projects. The goal is to stimulate the creation and revitalization of multi-family housing options in rural areas of Massachusetts. Specifically, the bill aims to incentivize investment in these projects through a tax credit mechanism. It is currently under consideration by the Revenue Committee.
Key provisions
- Provides tax credits for certified rural housing redevelopment projects.
- Focuses on incentivizing the creation and revitalization of multi-family housing.
- Targets projects located in rural areas of Massachusetts.
- Requires projects to be certified for redevelopment.
- The bill was referred to the Revenue Committee and subsequently Senate concurred.
Who is affected
- Developers of multi-family housing
- Rural communities in Massachusetts
- Housing providers
- Taxpayers
Notable changes
- Introduces a new tax credit incentive for rural housing redevelopment.
- Specifies the criteria for project certification.
Bill text
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Sponsors
Official sponsors from legislative records.
2 on record
Primary sponsor
Christopher Richard Flanagan
Cosponsor
Christopher Richard Flanagan
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