Earlier this year, the House and Senate each passed tax relief legislation. Included in the Senate version was an increase in the authorization for the state’s Low Income Housing Tax Credit (LIHTC) program by $20 million for a total allocation of $60 million, and a provision to make the program permanent. This provision was not included by the House.
In June, the House and Senate appointed a Conference Committee to reconcile the differences between the two versions of the Tax Relief bill. CHAPA is urging the Legislature to preserve the Senate LIHTC language in the final version of the bill that is expected to be put out in the next several weeks.
CHAPA has drafted a letter to members of the Tax Relief Conference Committee. We urge you all to add your names as signers and advocate for adopting Senate LIHTC provision in the final version of the Tax bill. CHAPA’s Letter to the Conference Committee on LIHTC
Please Sign on by 12 p.m. on Friday, September 22nd.
The Massachusetts LIHTC program awards tax credits to investors in affordable multifamily rental projects. It encourages private investment in affordable housing and allows developers to finance part of the cost of the development with equity invested by local corporations and individuals to help keep rents low. LIHTC is a critical resource in many affordable housing projects across Massachusetts.
You can also reach out to the Conference Committee members and ask them to include Senate LIHTC provision in the Tax bill. Legislators appointed to the Conference Committee for Tax Relief bill:
- House Ways and Means Chair Aaron Michlewitz
- Senate Ways and Means Committee Chair Michael Rodrigues
- House Chair of the Joint Committee on Revenue Mark Cusack
- Senate Chair of the Joint Committee on Revenue Susan Moran
- Senate Minority Leader Bruce Tarr
- Ranking Member of the Joint Committee on Revenue Michael Soter
If you have any questions or would like more information, please contact Matt Noyes at mnoyes@chapa.org.