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Housing News

Federal Housing Credits Included In House-Passed Tax Bill

On January 31, the House of Representatives passed HR 7024, the Tax Relief for American Families and Workers Act of 2024 by a vote of 357-70.  Among the many provisions of the bill are housing tax credits: the restoration of the 12.5 percent allocation increase for...

Congress’s Bipartisan Tax Proposal includes LIHTC Enhancements

On January 16th, Congressional leaders introduced a bipartisan tax proposal, the Tax Relief for American Families and Workers Act of 2024. The proposal includes an expansion of the Child Tax Credit, other business-related policies, and certain provisions of the...

Governor Healey Files FY2025 Budget

On January 24th, Governor Healey revealed the FY2025 budget proposal of $56.1 billion for the upcoming fiscal year, focusing on investments in education, infrastructure, and housing. Revenue & Budget: This budget represents an increase of 2.9% from the previous...

Governor Healey’s Announced 9C Budget Cuts!

On January 8th, the Healey Administration announced a revision to the current fiscal year's budget called 9C cuts, which involves a $375 million reduction due to lower-than-expected tax collections. The Administration projected a $1 billion decrease in tax revenue for...

CHAPA’s Statement on the Housing Bond Bill

Citizens Housing and Planning Association (CHAPA) applauds the Healey-Driscoll Administration for their historic proposal to invest $4 billion in affordable housing. The Affordable Homes Act is more than a housing plan; it is a statement of values. Housing is the...

Governor Healey Files Housing Bond Bill

On October 18, 2023, Governor Healey and Lieutenant Governor Driscoll unveiled the Housing Bond Bill or the Affordable Homes Act (H.4138) a comprehensive bill to create smart housing and invest in livable communities. Materials from the Administration on the Housing...