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POAH receives award for state tax credit incentive for affordable housing

July 7, 2016

POAH received an innovation award for its proposal to offer new state tax credit as an incentive for property owners to donate existing housing to nonprofits for development. An eligible nonprofit would create a financial plan that included the cost of purchasing the property. Then, the nonprofit would use the cost savings of donated land and buildings to underwrite the creation of more long-term housing units or deepen the affordability of existing units. read Bay State Banner article