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Bill > H1317


MA H1317

Leveraging additional resources for local housing authorities


summary

Introduced
01/22/2019
In Committee
06/05/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

For legislation to provide housing authorities with certain powers to secure indebtedness incurred for the preservation, modernization and maintenance of low- rent housing developments. Housing.

AI Summary

This bill provides housing authorities in Massachusetts with additional powers to secure indebtedness incurred for the preservation, modernization, and maintenance of their low-rent housing developments. Specifically, it allows housing authorities, with the approval of the Department of Housing and Community Development, to pledge a portion of their capital funds awarded for improvements to secure such indebtedness. The bill also specifies that the proceeds from the sale or disposition of a housing project, after covering related obligations and costs, must be retained by the housing authority for the preservation, modernization, and maintenance of its public housing or, if the authority has no such housing, paid to the department to fund capital improvements for state-aided public housing.

Committee Categories

Budget and Finance, Housing and Urban Affairs

Sponsors (17)

Last Action

Bill reported favorably by committee and referred to the committee on House Ways and Means (on 06/05/2019)

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