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HOUSE DOCKET, NO. 2172 FILED ON: 1/19/2023
HOUSE . . . . . . . . . . . . . . . No. 1300
The Commonwealth of Massachusetts
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PRESENTED BY:
Peter Capano
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To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:
The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:
An Act to reform housing development incentive program tax credits.
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PETITION OF:
NAME:DISTRICT/ADDRESS :DATE ADDED:Peter Capano11th Essex1/19/2023 1 of 2
HOUSE DOCKET, NO. 2172 FILED ON: 1/19/2023
HOUSE . . . . . . . . . . . . . . . No. 1300
By Representative Capano of Lynn, a petition (accompanied by bill, House, No. 1300) of Peter
Capano relative to housing development incentive program tax credits. Housing.
[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE HOUSE, NO. 1375 OF 2021-2022.]
The Commonwealth of Massachusetts
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In the One Hundred and Ninety-Third General Court
(2023-2024)
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An Act to reform housing development incentive program tax credits.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority
of the same, as follows:
1 Section 1 of chapter 40V of the General Laws, as so appearing, is hereby amended by
2inserting after the word "units", in line 18, the following words:- and not less than 20 per cent
3affordable: (i) rental units for persons whose income is not more than 50 per cent of the area
4median income; or (ii) owner-occupied units for persons whose income is not more than 80 per
5cent of the area median income.
6 Section 4 of said chapter 40V, as so appearing, is hereby amended by inserting after the
7word "units", in line 8, the following words:- and not less than 20 per cent affordable: (A) rental
8units for persons whose income is not more than 50 per cent of the area median income; or (B)
9owner-occupied units for persons whose income is not more than 80 per cent of the area median
10income. 2 of 2
11 Section 5 of said chapter 40V, as so appearing, is hereby amended by inserting after the
12word "rate", in lines 4 and 14, the following words:- and affordable.