An Act relative to industrial development finance authorities

HD 1066 amends Massachusetts' industrial development finance authority (IDFA) laws to expand eligibility for financing. The key change (Section 3) adds rental housing - including low- and moderate-income housing under Chapter 40B - to the definition of "industrial enterprise," allowing IDFAs to finance such projects. This directly affects municipalities and developers seeking to use IDFA bonds for housing developments. The bill clarifies bond issuance authority (Section 4) and removes outdated references to "MIFA" and other administrative terms throughout the chapter. These changes streamline financing for housing projects under IDFA programs.