Bill
Bill > H4541
MA H4541
Enabling public housing authorities to borrow against real estate equity of publicly-owned properties
summary
Introduced
03/09/2020
03/09/2020
In Committee
03/09/2020
03/09/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
Enabling public housing authorities to borrow against real estate equity of publicly-owned properties
AI Summary
This bill enables public housing authorities to borrow against the real estate equity of publicly-owned properties. It allows public housing authorities to partner with nonprofit organizations or community development corporations to build low or moderate-income housing, and gives priority for development and financial assistance to municipalities participating in the program. The bill also exempts redevelopment of federally or state-aided public housing projects from certain procurement and award contract laws, as long as the executive office approves the procurement processes.
Committee Categories
Budget and Finance
Sponsors (17)
Pete Capano (D),
Mike Connolly (D),
Mindy Domb (D),
Jamie Eldridge (D),
Nika Elugardo (D),
Carlos González (D),
Tami Gouveia (D),
Jonathan Hecht (D),
Russell Holmes (D),
Patrick Kearney (D),
Christina Minicucci (D),
Liz Miranda (D),
Denise Provost (D),
Lindsay Sabadosa (D),
Jon Santiago (D),
Andy Vargas (D),
Bud Williams (D),
Other Sponsors (1)
Joint Committee on Housing (J)
Last Action
Bill reported favorably by committee and referred to the committee on House Ways and Means (on 03/09/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/191/H4541 |
| Bill | https://malegislature.gov/Bills/191/H4541.pdf |
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