Massachusetts Senate proposes $5.1B housing bond bill with borrowing, policy changes, tax breaks, and incentives for new home development.
Massachusetts Senate unveils a $5.1 billion housing bond bill proposing leveraging borrowing, policy changes, tax breaks, and incentives to boost new home development. The proposal adds over $1 billion in borrowing to Governor Maura Healey's $4.1 billion Affordable Homes Act plan, and includes tax breaks, changes to state laws, and bond authorization to increase construction of market rate and affordable homes. The bill aims to address the state's housing crisis and affordability issues.
June 24, 2024
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