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HB 1248 (2020)

Tax incentives for low income housing construction

Summary:

Enables cities and town to offer community revitalization tax incentives for the construction of additional housing in a "housing opportunity zone," in which at least one third of the housing units constructed are for households with an income of 80% or less of the area median income. The House amended the bill to also revise the criteria for assistance from the Affordable Housing Fund, particularly to add a "very low income" category.

Bill Became Law?:
No
Status Detail:
Died due to Inactivity
Bill Sponsor:
Thank you to our sponsors and donors