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 directs the Revenue Committee to study potential reforms to the program, with the goal of streamlining processes and ensuring the program effectively supports the creation of affordable housing. The bill seeks to address potential challenges and enhance the program's overall impact on increasing affordable housing options within the state. It also accompanies a study order (H5182) regarding the LIHTC program.
Key provisions
- Directs the Revenue Committee to study reforms to the LIHTC program.
- The study should focus on improving the efficiency of the program.
- The study will examine potential changes to the LIHTC program.
- Accompanies a study order (H5182) regarding the LIHTC program.
Who is affected
- Low-income housing developers
- Housing finance organizations
- Massachusetts residents seeking affordable housing
- The Massachusetts state government (specifically the Revenue Committee)
Notable changes
- The bill initiates a study to identify and recommend changes to the LIHTC program.
- No specific changes to the LIHTC program are outlined in the bill itself.
Bill text
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Sponsors
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2 on record
Primary sponsor
Cosponsor
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