[Introductory paragraph effective for tax years beginning on or after January 1, 2017. See 2016, 219, Sec. 139.]\nSection 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 of a certified housing development project. The amount and duration of the credit awarded shall be based on the following factors:\n(i) the need for residential development and diversity of housing supply in the gateway municipality;\n[Clauses (ii) and (iii) of the introductory paragraph effective for tax years beginning on or after January 1, 2017. See 2016, 219, Sec. 139.]\n(ii) the extent to which the certified housing development project will encourage residential development, expansion of diversity of housing supply, support neighborhood stabilization, and promote economic development in the zone; and\n(iii) the percentage of market rate units contained in the certified housing development project.\n[There is no subsection (a).]\n[Subsection (b) effective for tax nomic development in the zone; and\n(iii) the percentage of market rate units contained in the certified housing development project.\n[There is no subsection (a).]\n[Subsection (b) effective for tax years beginning on or after January 1, 2017. See 2016, 219, Sec. 139.]\n(b) The department may, limit any incentive or credit available to a certified housing development project under subsection (q) of section 6 of chapter 62 and section 38BB of chapter 63 to a dollar amount or in any other manner deemed appropriate by the department.
Massachusetts Legal Code