The Massachusetts Legislature recently gave initial approval to a supplemental budget bill, which includes provisions to raise the cap on State Low Income Housing Tax Credits (LIHTC) by $10 million in 2013 and $10 million in 2014. This supplemental budget increase would double state LIHTCs over the next two years. This will allow an additional 25 developers to receive tax credits without compromising the HOPE VI Taunton and South Boston public housing redevelopments. To read the bill, click here.