summary
Introduced
08/05/2021
08/05/2021
In Committee
03/17/2022
03/17/2022
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
That the town of Chatham be authorized to establish a housing trust fund in said town. Housing. [Local Approval Received.]
AI Summary
This bill authorizes the town of Chatham to establish a housing trust fund to provide for the creation and preservation of both affordable and attainable housing in the town. The trust will be managed by a 7-member board of trustees appointed by the select board, with specific membership requirements. The trust fund will hold and use money from various sources, including gifts, grants, and town appropriations, to support the development of affordable and attainable housing projects that prioritize current year-round residents, municipal employees, and local business employees. The trust will have broad powers to acquire, manage, and maintain real estate, and will be subject to financial oversight and public transparency requirements.
Committee Categories
Housing and Urban Affairs
Sponsors (2)
Last Action
No further action taken (on 01/03/2023)
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/192/H4059 |
| Bill | https://malegislature.gov/Bills/192/H4059.pdf |
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