Bill > H3941

This bill authorizes supplemental financing for housing programs in Massachusetts, appropriating a total of $12,500,000,000 to be financed through bonds, with payments due by June 30, 2058. * **Executive Office of Housing and Livable Communities:** * $2,000,000,000 for state financial assistance (loans and grants) for developing housing to eliminate homelessness, with preference given to nonprofit organizations and a focus on balanced geographic distribution. * $2,000,000,000 for the Social Housing Production Fund to develop mixed-income social housing, establish a "right to counsel" program for eviction proceedings, support community land trusts, preserve and produce income-restricted housing, and expand rental assistance programs. * $8,500,000,000 for renovation, maintenance, and upgrades to state-funded public housing, including addressing deferred capital projects. All funds are to be disbursed according to public fund regulations. Bonds issued under this act will be general obligations of the commonwealth and will be subject to public work and bidding laws.