Authorizes a tax abatement for alterations and improvements to multiple dwellings for purposes of preserving habitability in affordable housing

Summary

The bill lets owners of eligible rental or owner‑occupied apartment buildings receive a tax break when they make approved alterations that preserve habitability. To qualify, the building must meet affordability or rent‑regulation thresholds and the work must follow a cost schedule approved by the local housing agency. The measure aims to encourage needed repairs without increasing rents.

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