Bill > H4707

This bill, the Affordable Homes Act, appropriates a total of $5,955,000,000 through bond authorizations for fiscal years covering the period up to June 30, 2059, to support housing production and preservation for low and moderate-income citizens, and to address related housing laws. * **Affordable Housing Trust Fund:** $800,000,000 from the General Fund is appropriated to capitalize the Affordable Housing Trust Fund, with a portion designated for homeownership opportunities for first-time homebuyers. * **Housing Stabilization and Investment Trust Fund:** $425,000,000 from the General Fund is appropriated for the Housing Stabilization and Investment Trust Fund, with a significant portion dedicated to housing for individuals and families with very low incomes. * **State-Aided Public Housing:** $2,000,000,000 from the General Fund is allocated for grants to improve, preserve, and modernize state-aided public housing, including specific funding for the Boston Housing Authority. * **Early Education and Out of School Time Capital Fund:** $50,000,000 from the General Fund is provided for grants to develop facilities for licensed early care and education and out-of-school time programs. * **Accessibility and Independence Programs:** $60,000,000 from the General Fund is allocated for loans or grants to assist homeowners or tenants with disabilities in making home modifications for accessibility or independent living. * **Supportive Housing for Individuals with Mental Illness and Intellectual Disabilities:** $70,000,000 from the General Fund is appropriated for loans for community-based or supportive housing for individuals with mental illness and intellectual disabilities. * **Supportive Housing for Persons with Disabilities:** $55,000,000 from the General Fund is provided for loans for community-based or supportive housing for persons with disabilities who are institutionalized or at risk of institutionalization. * **Housing Innovations Trust Fund:** $200,000,000 from the General Fund is appropriated for the Housing Innovations Trust Fund, with a portion dedicated to housing for very low-income individuals and families. * **Innovative, Sustainable, and Green Housing Initiatives:** $275,000,000 from the General Fund is allocated for financial assistance for innovative housing initiatives, prioritizing affordability and sustainability. * **Middle-Income Housing Fund:** $100,000,000 from the General Fund is designated for the Middle-Income Housing Fund. * **Infrastructure Improvements:** $1,000,000,000 from the General Fund is allocated for the Massachusetts Water Resources Authority to expand its capacity, focusing on increasing housing capacity and improving drinking water quality. * **Local Capital Projects Grant Program:** $50,000,000 from the General Fund is provided for a grant program to support communities with housing production and best practices, including assistance for MBTA communities. * **Smart Growth Housing Trust Fund:** $20,000,000 from the General Fund is appropriated for the Smart Growth Housing Trust Fund. * **Below-Market Housing Reserve:** $100,000,000 from the General Fund is set aside 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 is allocated for grants and technical assistance to municipalities for community development, housing production, and climate resilience initiatives. * **HousingWorks Infrastructure Program:** $175,000,000 from the General Fund is appropriated for infrastructure grants supporting housing development. * **Neighborhood Revitalization:** $50,000,000 from the General Fund is provided for grants to assist in the revitalization of neighborhoods with blighted or substandard properties. * **Commercial Property Conversion to Residential:** $150,000,000 from the General Fund is allocated for grants to municipalities for converting commercial properties into residential housing. * **Massachusetts Healthy Homes Program:** $50,000,000 from the General Fund is appropriated for the Massachusetts Healthy Homes program to address habitability concerns in housing. * **Veterans Supported Housing Initiative:** $20,000,000 from the General Fund is designated for a veterans supported housing initiative. * **Remediation at Former State-Owned Buildings:** $50,000,000 from the General Fund is allocated for remediation efforts at former state-owned buildings to support housing development. * **Residential Production Momentum Fund:** $250,000,000 from the General Fund is appropriated to capitalize a fund for accelerating the development of mixed-income and workforce multifamily housing. The bill also includes provisions related to tax incentives for qualified conversion projects and qualified homeownership development projects, as well as various amendments to existing laws concerning housing development, fair housing, and seasonal communities. Many of these appropriations are subject to conditions, including prioritization for projects that comply with decarbonization and sustainability standards.