Massachusetts Gov. Charlie Baker signs donation legislation

Massachusetts Gov. Charlie Baker signed comprehensive economic development legislation  into law on Aug. 10 that includes a proposal advanced by Boston nonprofit Preservation of Affordable Housing (POAH) and a coalition of housing advocates for a donation tax credit to encourage more affordable housing in that state.

An Act Relative to Job Creation and Workforce Development (H. 4569), provides up to $1 billion in new investments in communities, workforce training and innovation across Massachusetts.  The act’s donation tax credit (DTC) provisions create a new option for the use of the existing Massachusetts Low Income Housing Tax Credit (LIHTC), expanding the impact of that resource. see Journal of Tax Credits article