Chapter 40V

Section 1. As used in this chapter, the following words shall, unless the context clearly requires otherwise, have the following meanings:— [Definition of ''Certified housing development project'' effective for tax years beginning on or after January 1, 2017. See 2016, 219, Sec. …

Section 2. The department may from time to time designate 1 or more areas of a gateway municipality as an HD Zone and take any and all actions necessary or appropriate to such a designation, upon receipt of a municipal application requesting such designation and representing in i…

Section 3. Under section 5M of chapter 59, the department may approve a municipality's application for a tax exemption for a housing development project located within an approved housing development zone.

Section 4. (a) A project may be eligible to be a certified housing development project under this chapter; provided, however, that the proposed project: (i) contains 2 or more residential units; provided, however, the project may be a mixed-use development that includes commercia…

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…