Housing (Historic Preservation)

This bill creates a pilot program allowing cities and towns to apply for participation in a "tenant opportunity to purchase" initiative, directly affecting qualifying communities with high rental rates (70%+), displacement issues, and poverty. Eligible areas must meet specific criteria related to rental housing density, eviction data, and poverty levels, with up to 15 zip codes selected for the program. The pilot requires the housing office to establish regulations by December 2025, accept applications by June 2026, and operate for five years, ending with a report on program outcomes. It focuses on enabling renters in targeted communities to potentially purchase their homes while addressing displacement concerns through structured local planning.

HD 3372 creates a commission to study reforms for the state's low-income housing tax credit (LIHTC) program. The commission, including housing officials, legislators, and housing experts, will examine how LIHTC funds are administered, explore ways to streamline projects and preserve existing affordable housing, and recommend improvements to increase transparency and impact. It must hold public hearings and submit a report with findings and recommendations to state lawmakers within 12 months. This bill does not change the LIHTC program itself but sets up a process to evaluate potential reforms.

By Representative Honan of Boston, a petition (accompanied by bill, House, No. 3128) of Kevin G. Honan relative to the low income housing tax credit. Revenue.

By Representative Jones of North Reading, a petition (accompanied by bill, House, No. 1530) of Bradley H. Jones, Jr., and others relative to affordable housing and the preservation of community water resources. Housing.