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Bill > H4138


MA H4138

MA H4138
sic] the Affordable Homes Act


summary

Introduced
10/18/2023
In Committee
06/03/2024
Crossed Over
Passed
Dead
12/31/2024

Introduced Session

193rd General Court

Bill Summary

sic] the Affordable Homes Act

AI Summary

This bill, the Affordable Homes Act, appropriates a total of $4,070,000,000 for housing programs and related infrastructure for fiscal years through 2059. * **Early Education and Out of School Time Capital Fund:** $50,000,000 from the General Fund for grants to develop facilities for licensed early care and education and out-of-school time programs. * **Executive Office for Administration and Finance (Planning and Studies):** $30,000,000 from the General Fund for planning, studies, infrastructure, and site preparation related to housing production. * **Executive Office of Housing and Livable Communities (Accessibility and Housing Opportunities):** $60,000,000 from the General Fund for loans or grants to assist homeowners or tenants with disabilities in making home modifications or for building accessory units. * **Executive Office of Housing and Livable Communities (Community-Based Housing for Mental Illness and Intellectual Disabilities):** $70,000,000 from the General Fund for loans for community-based housing for individuals with mental illness and intellectual disabilities. * **Executive Office of Housing and Livable Communities (Community-Based Housing for Persons with Disabilities):** $55,000,000 from the General Fund for loans for community-based housing for persons with disabilities who are institutionalized or at risk of institutionalization. * **Affordable Housing Trust Fund:** $800,000,000 from the General Fund for capitalization of the Affordable Housing Trust Fund, with up to $50,000,000 for first-time homebuyer opportunities. * **Housing Stabilization and Investment Trust Fund:** $425,000,000 from the General Fund for grants or loans to preserve and produce housing, with at least 25% for households at or below 30% of area median income. * **State-Aided Public Housing Improvements:** $1,500,000,000 from the General Fund for grants for renovation, remodeling, reconstruction, and hazardous material abatement in state-aided public housing, with at least 25% for households at or below 30% of area median income and at least $15,000,000 for accessibility improvements. * **Demonstration Program for Public Housing Revitalization:** $100,000,000 from the General Fund for a demonstration program to find cost-effective revitalization methods for state-aided public housing. * **Housing Innovations Trust Fund:** $200,000,000 from the General Fund for grants or loans to preserve and produce housing, with at least 25% for households at or below 30% of area median income. * **Local Capital Projects Grant Program:** $35,000,000 from the General Fund for grants to support communities in implementing housing choice designations and assisting MBTA communities with zoning requirements. * **Innovative, Sustainable, and Green Housing Initiatives:** $275,000,000 from the General Fund for financial assistance for innovative housing initiatives, prioritizing affordability and sustainability. * **Smart Growth Housing Trust Fund:** $20,000,000 from the General Fund for the Smart Growth Housing Trust Fund. * **Middle-Income Housing Fund:** $100,000,000 from the General Fund for the Middle-Income Housing Fund. * **Reserve for Below Market Housing:** $100,000,000 from the General Fund to support the production of for-sale, below-market housing for first-time homebuyers and disadvantaged individuals. * **Community Development Grants:** $25,000,000 from the General Fund for grants and technical assistance to municipalities and regional applicants for community development, housing, workforce training, and climate resilience. * **HousingWorks Infrastructure Program:** $175,000,000 from the General Fund for infrastructure grants supporting housing development. * **Neighborhood and Community Revitalization:** $50,000,000 from the General Fund for assistance in revitalizing neighborhoods with blighted or substandard properties. * **Residential Production Momentum Fund:** $50,000,000 from the General Fund to capitalize a fund for accelerating mixed-income and workforce multifamily housing production. The bill also includes provisions related to housing discrimination, accessory dwelling units, zoning reforms, and tax credits for homeownership development projects. The total amount appropriated is $4,070,000,000, funded through bonds and General Fund appropriations, covering fiscal years through 2059.

Committee Categories

Budget and Finance, Housing and Urban Affairs

Sponsors (0)

No sponsors listed

Last Action

New draft substituted, see H4707 (on 06/05/2024)

bill text


bill summary

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bill summary

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bill summary

Document Type Source Location Created
State Bill Page https://malegislature.gov/Bills/193/H4138 10/18/2023
BillText https://malegislature.gov/Bills/193/H4138.pdf 10/18/2023
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