Bill > H3245

This bill establishes the Massachusetts Bureau on Social and Economic Equity in Recovery and Reconstruction (the Bureau) to address disparities faced by Black and Latino residents of the Commonwealth during the COVID-19 pandemic recovery. The Bureau will administer the Commonwealth Health, Economic, Education, and Equity in Recovery and Reconstruction Fund, which is initially capitalized with $850 million from the Commonwealth Stabilization Fund. The Bureau will use this funding to identify and recommend sources of state, federal, and private funds to mitigate disparities in access to capital, affordable housing, healthcare, and education in disadvantaged communities. The bill also creates the Commonwealth Housing, Economic, Education and Equity in Recovery and Reconstruction Service Corps to provide service opportunities for young adults from disparately impacted communities, and the Small Business Stabilization and Support Fund to provide grants, forgivable loans, and low-interest loans to small businesses in these communities.

Government Affairs

https://malegislature.gov/Bills/192/H3245