An Act supporting workforce and affordable housing

This bill creates a refundable tax credit for construction companies that build low- or moderate-income housing in Massachusetts. Contractors can claim the credit to offset state taxes based on the rent they pay for housing their workers, with a total annual limit of $10,000. The program aims to help workers afford housing while building affordable projects by reimbursing them for a portion of their living costs through the tax system. The Department of Housing and Community Development will determine which projects qualify, and the Department of Revenue will manage the application and payment process.