An Act providing a local option incentivizing landlords to rent unsubsidized properties at below market rent (good landlord tax credit)

This bill allows Massachusetts cities and towns to offer a property tax credit to landlords who rent their small, unsubsidized apartment buildings at rates below local market limits. To qualify, landlords must rent units to low-income individuals, seniors, or families with young children, and they can receive a credit of up to $2,000 per unit, limited to six units total. Local governments can also choose to provide an additional property tax exemption for these properties, with the specific amount determined by the municipality. The program is designed to encourage affordable housing without mandating specific rent prices or tenant selection criteria, leaving the details of implementation to local communities.