State Briefs
By Caitlin Jones
1 min read
Tax Credit Advisor, January 2010:
Massachusetts Governor Signs Housing Bill
Massachusetts Gov. Patrick Deval recently signed a new law designed to preserve government-assisted “expiring use” rental properties in the state as affordable housing. He also announced the roll-out of a new $150 million loan fund to help finance preservation transactions.
The legislation covers a wide range of properties with federal or state financing, insurance, or subsidies, including housing credits. It establishes a right of first refusal by the state for properties seeking to convert from non-affordable use, and sets out tenant notification requirements.
Ohio Opens Housing Research Center
The Ohio Housing Finance Agency has opened a new Office of Affordable Housing Research. The Office will seek to use research data to drive initiatives to cultivate policies ensuring affordable housing assistance to low- to moderate-income families statewide. The Office will also make use of partnerships with universities throughout Ohio.
