Establishes a commission to study reforms to the Low-Income Housing Tax Credit program in Massachusetts.

The bill creates a commission to study and recommend reforms to the Low-Income Housing Tax Credit (LIHTC) program in Massachusetts. The commission will investigate the administration and allocation of LIHTC resources, strategies to streamline project requirements, and the feasibility of supplementary state-level tax credits. It will also explore best practices for preserving affordable housing and enhancing oversight mechanisms. The commission will hold public hearings and submit a report with findings and recommendations within 12 months.

Establishes a commission to study reforms to the Low-Income Housing Tax Credit program in Massachusetts.

The bill creates a commission to study and recommend reforms to the Low-Income Housing Tax Credit (LIHTC) program in Massachusetts. The commission will investigate the administration and allocation of LIHTC resources, strategies to streamline project requirements, and the feasibility of supplementary state-level tax credits. It will also explore best practices for preserving affordable housing and enhancing oversight mechanisms. The commission will hold public hearings and submit a report with findings and recommendations within 12 months.