{"data":{"id":"us-ma/mass.-gen.-laws-ch.-40v-5","jurisdiction":"us-ma","citation":"Mass. Gen. Laws ch. 40V, § 5","heading":"Award of tax credits to sponsor of a certified project","body":"Section 5. The department may award tax credits available under subsection (q) of section 6 of chapter 62 or section 38BB of chapter 63 of not more than 25 per cent of the cost of qualified project expenditures allocable to the market rate units in a project, as determined by the department, to a sponsor of a certified housing development project. The amount and duration of the credit awarded shall be based on the following factors:\n(i) the need for residential development and diversity of housing supply in the gateway municipality;\n(ii) the extent to which the certified housing development project will encourage residential development, expansion of diversity of housing supply, support neighborhood stabilization, and promote economic development in the zone; and\n(iii) the percentage of market rate units contained in the certified housing development project.\n(b) The department may, limit any incentive or credit available to a certified housing development project under subsection (q) of section 6 of chapter 62 and section 38BB of chapter 63 to a dollar amount or in any other manner deemed appropriate by the department.","path":["Part I","Title VII","Chapter 40V"],"source_url":"https://malegislature.gov/Laws/GeneralLaws/PartI/TitleVII/Chapter40V/Section5","current_through":"amendments passed before May 31, 2026","vintage":"","retrieved_at":"2026-09-17T05:20:34Z","sha256":"64068a39729fbe32f457b841d096301fe7a2eba980c8230c2130e6337885ac26","source_id":"us-ma","stale":false,"prev":"us-ma/mass.-gen.-laws-ch.-40v-4","next":"us-ma/mass.-gen.-laws-ch.-40x-1"},"notice":"GroundRules: Original legal text. Not legal advice."}