[Text of section applicable to tax years beginning on or after January 1, 2021. See 2020, 358, Sec. 104.] Section 2. The department may from time to time designate 1 or more areas of a gateway municipality as an HD Zone and take any and all actions necessary or appropriate to such a designation, upon […]
Section 3. Under section 5M of chapter 59, the department may approve a municipality’s application for a tax exemption for a housing development project located within an approved housing development zone.
Section 4. (a) A project may be eligible to be a certified housing development project under this chapter; provided, however, that the proposed project: (i) contains 2 or more residential units; provided, however, the project may be a mixed-use development that includes commercial uses in addition to residential units; [There is no clause (ii).] (iii) […]
Section 5. The department may award tax credits available under subsection (q) of section 6 of chapter 62 or section 38BB of chapter 63 of not more than 25 per cent of the cost of qualified project expenditures allocable to the market rate units in a project, as determined by the department, to a sponsor […]
