Governor Maura Healey (D) signed budget legislation, which increases the annual cap for the Massachusetts’ State LIHTC edit from $40 to $60 million. The $1 billion state budget bill includes several tax cuts. The Massachusetts State LIHTC is authorized through Jan. 1, 2025, and has a maximum per-development cap of $5 million for a new assisted living project and $10 million for all others.