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Bill > H3878


MA H3878

Financing an emergency supplemental affordable housing bond


summary

Introduced
06/13/2019
In Committee
06/13/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

Relative to municipal financing of the production and preservation of housing for low and moderate income persons. Housing.

AI Summary

This bill aims to authorize municipal financing for the production and preservation of affordable housing for low and moderate-income households in Massachusetts. Specifically, it would provide $1 billion in state financial assistance in the form of grants or loans to cities and towns for this purpose, with at least $250 million allocated to public housing authorities. Additionally, it would increase the bond authorization for the 2018 act from $1.8 billion to $2.8 billion to support these affordable housing efforts. The bill also specifies that any construction or development activity undertaken pursuant to this legislation would be considered a public work subject to the state's prevailing wage laws.

Committee Categories

Housing and Urban Affairs

Sponsors (14)

Last Action

Accompanied a study order, see H5089 (on 11/04/2020)

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