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Supreme Court Decision Fails to Lift 121A Tax Burden

Nov-04Advisories
Many affordable housing complexes built years ago were structured as ‘private’ urban redevelopment projects under Massachusetts’ Chapter 121A. The projects started off attractive from a tax standpoint, substituting what were then very favorable contractual ‘payments in lieu’ and an ‘urban redevelopment excise tax’ in place of ordinary real property taxes.

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