Bill > S871

This bill aims to promote housing cooperatives in Massachusetts. It establishes a Massachusetts Center for Housing Cooperatives within the Community Economic Development Assistance Corporation (CEDAC) to provide education, outreach, and support for the creation and preservation of cooperatively owned housing, with a focus on low to moderate-income residents. The bill also appropriates $100 million in fiscal year 2024 to fund programs administered by the Department of Housing and Community Development to acquire, preserve, and rehabilitate housing cooperatives across the state. The Center's director will have the authority to hire staff, contract with consultants, and accept grants to further the Center's work, and will be required to report annually on the state's housing cooperatives and the Center's activities.

Housing and Urban Affairs

https://malegislature.gov/Bills/193/S871