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Massachusetts Governor Signs Bill Doubling Annual LIHTC Allocation

Tuesday, March 2, 2021 - 9:30AM

Broad economic legislation signed into law by Massachusetts Gov. Charlie Baker includes doubling the annual allocation of state low-income housing tax credits (LIHTCs), from $20 million to $40 million. An Act Enabling Partnerships for Growth (H. 5250) makes more than $625 million in capital authorizations, as well as policy provisions to boost economic growth. The legislation increases the annual state LIHTC allocation through Jan. 1, 2025.

Twinning state and federal LIHTCs will be a topic at the Novogradac 2021 Affordable Housing Virtual Conference, April 29-30.

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