Code of Massachusetts Regulations
760 CMR - HOUSING AND LIVABLE COMMUNITIES, EXECUTIVE OFFICE OF
Title 760 CMR 54.00 - Massachusetts Low-Income Housing Tax Credit Program
Section 54.05 - Eligible Recipients

Universal Citation: 760 MA Code of Regs 760.54

Current through Register 1531, September 27, 2024

(1) Subject to 760 CMR 54.05(2), any person or entity (of whatever type) with an ownership interest in a qualified Massachusetts project is eligible to receive an allocation of Massachusetts standard LIHTC with respect to such project.

(2) Only a person or entity (of whatever type) with an ownership interest in a qualified Massachusetts project that preserves and improves existing state or federally-assisted housing, pursuant to M.G.L. c. 62, § 6I(b)(1) and M.G.L. c. 63, § 31H(b)(1), is eligible to receive an allocation of preservation LIHTC.

(3) Any person or entity (of whatever type) with an ownership interest in a qualified Massachusetts project that makes a qualified donation of all or a portion of the value of such project to an eligible DTC sponsor and demonstrates, to the satisfaction of the department that such donation qualifies for a Federal charitable deduction is eligible to receive an allocation of donation LIHTC with respect to such project.

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