summary
Introduced
09/22/2022
09/22/2022
In Committee
10/13/2022
10/13/2022
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
For legislation to establish a housing trust fund in the town of Eastham. Municipalities and Regional Government. [Local Approval Received.]
AI Summary
This bill establishes a housing trust fund in the town of Eastham, Massachusetts. The purpose of the trust is to provide for the creation and preservation of both affordable and attainable housing for year-round residents of the town. The trust will be managed by a five-member Board of Trustees appointed by the Board of Selectmen, with various powers and duties outlined in the bill, including the ability to accept property, manage investments, borrow money, and make distributions. The trust will have its own separate fund, the Housing Trust Fund, which will receive gifts, grants, and appropriations from the town. Funds in the Housing Trust Fund can be used for housing-related purposes without further appropriation by town meeting. The existing Eastham Affordable Housing Trust will be dissolved, and its powers and duties transferred to the new Eastham Housing Trust.
Committee Categories
Budget and Finance, Government 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/H5301 |
| Bill | https://malegislature.gov/Bills/192/H5301.pdf |
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