An Act to improve the housing development incentive program

This bill amends Massachusetts law to update the Housing Development Incentive Program, which provides tax benefits to developers building new or renovated multi-unit housing. The changes require that eligible projects include at least 20 percent permanently affordable units for low- and moderate-income residents, while limiting the number of market-rate units to no more than 80 percent. Additionally, the program will now specifically target distressed neighborhoods or areas lacking mixed-income housing, and it adds language to ensure benefits reach lower-income residents without causing rent hikes or displacement. By redefining key terms like "mixed income development" and adjusting eligibility criteria, the legislation aims to reshape how state incentives are applied to future housing projects.