relative to municipal credit enhancement agreements and tax increment financing for priority housing development.

Summary

The bill authorizes municipalities to create credit‑enhancement agreements that rebate a portion of tax revenue from new or adapted housing projects, and it changes how housing‑related tax‑increment values are counted for state equalization. It targets senior, skilled‑care, assisted‑living, workforce and other priority housing to make development easier for towns. The measure also adds reporting and accounting requirements for these agreements.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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