Massachusetts 2023-2024 Regular Session

Massachusetts Senate Bill S2342

Introduced
2/16/23  
Refer
2/16/23  

Caption

Relative to tax credits for homeless veteran housing

Impact

The implementation of S2342 is anticipated to have a significant impact on state housing policies by prioritizing resources for homeless veterans, who are often among the most vulnerable populations. By facilitating the creation of secure housing situations for this demographic, the bill not only aims to provide shelter but also pursue issues of social justice and equity in housing access. The tax incentives are meant to attract nonprofits to engage in developing housing solutions tailored to the needs of homeless veterans.

Summary

S2342 is a legislative measure introduced in the Massachusetts General Court, aimed at providing tax credits specifically for projects that offer permanent housing solutions for formerly homeless veterans. The bill mandates that at least 10% of the allocated tax credits must be set aside for qualified projects run by nonprofit organizations. These projects must consist of a minimum of 20 units and must follow the guidelines set by the Department of Housing and Community Development as part of the Qualified Allocation Plan.

Contention

Though the bill has garnered support for its intent to tackle homelessness among veterans, there may be notable points of contention regarding the allocation of tax credits. Some stakeholders may argue about the adequacy of the funds being set aside compared to overall needs, while others may raise concerns about the effectiveness and oversight of nonprofit organizations managing these housing projects. Consequently, discussions may evolve around broader implications for state budget allocations and the responsibilities of nonprofit organizations in housing initiatives.

Companion Bills

MA S86

Similar To Improving emergency housing assistance for children and families experiencing homelessness

MA S868

Similar To To eliminate asset limits for homeless shelters

MA S87

Similar To Providing for coordinated data and assistance to address family homelessness

MA H211

Similar To Establishing a bill of rights for individuals experiencing homelessness

Previously Filed As

MA S1725

Relative to veterans creditable service

MA S1901

Relative to veterans creditable service

MA S902

Relative to public housing determination for veterans

MA S1932

Relative to veterans tax exemptions

MA S2073

Relative to veterans tax exemptions

MA H4162

Relative to property tax relief for 100% disabled veterans

MA S1943

Relative to tax credits for affordable housing

MA H226

To end child homelessness

MA H1497

Relative to avoiding senior homelessness and maintaining senior housing stabilization of rents

MA S2349

Relative to outreach to veterans

Similar Bills

No similar bills found.