CHAPA applauds the Healey-Driscoll Administration and the Massachusetts Legislature for the expansion of the State Low Income Housing Tax Credit (LIHTC) included in the tax relief legislation signed today by Governor Maura Healey. The State LIHTC is one of the most catalytic tools we have for the production and preservation of affordable housing, creating more homes for people who need them while preventing displacement and promoting fair housing for all.
Housing News
The House and the Senate passed Veto overrides that would undo the vetoes by the Governor in the FY2024 budget. CHAPA thanks the Legislature for voting in favor of the housing veto overrides.
Through the Governor's vetoes, programs like Home & Healthy for Good, Housing Consumer Education Centers (HCECs), and Foreclosure Prevention and Counseling received lower funding than allocated by the legislature with vetoes to remove certain set-asides.
On Wednesday, Governor Maura Healey signed into law a long-awaited bill that will provide a range of state tax cuts. Included in the new law is a provision that will increase the spending cap on the state's Low Income Housing Tax Credit (LIHTC) Pro
Governor Maura Healey submitted a supplemental budget on September 13th to ensure that Massachusetts closes Fiscal Year 2023 in a balanced financial state. This budget serves multiple purposes, including covering spending deficiencies, supporting new collective bargaining agreements, and providing shelter and services for families experiencing homelessness.
See the Governor's letter and the budget allocations.
Key points about the supplemental budget include:
The Joint Committee on Housing will host a hearing on housing-related bills on Wednesday, September 27, at 1:00 p.m.
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.
CHAPA applauds the additional guidelines issued by the Administration to the MBTA Multi-family zoning law (3A) that adds thirteen state funding programs communities will be eligible for upon achieving compliance under the 3A law. The additional guidelines also allow communities to offset the minimum multifamily unit capacity in certain mixed-use zoning districts that require first-floor commercial space.
On August 8th, Governor Healey declared a state of emergency and issued a call to action to expand resources for shelter, housing, and services for the more than 5,000 families now in the state's emergency shelter system.