summary
Introduced
06/05/2024
06/05/2024
In Committee
06/24/2024
06/24/2024
Crossed Over
06/27/2024
06/27/2024
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
193rd General Court
Bill Summary
Relative to the Affordable Homes Act
AI Summary
This bill appropriates over $4.5 billion for capital outlay programs to support housing production and preservation for low and moderate-income citizens and related housing initiatives for the current and future fiscal years.
* **Early Education and Out of School Time Capital Fund:** $50,000,000 for the development of eligible facilities for licensed early care and education and out-of-school time programs.
* **Home Modification Loans/Grants for Individuals with Disabilities:** $60,000,000 for loans or grants to assist homeowners or tenants with household members with blindness or severe disabilities in making modifications to their residences for accessibility or to allow independent living, or for constructing accessory dwelling units.
* **Community-Based Housing/Supportive Housing Loans for Individuals with Mental Illness and Intellectual Disabilities:** $70,000,000 for loans to develop community-based housing or supportive housing for individuals with mental illness and intellectual disabilities.
* **Community-Based Housing/Supportive Housing Loans for Persons with Disabilities:** $55,000,000 for loans to develop community-based housing or supportive housing for persons with disabilities who are institutionalized or at risk of institutionalization.
* **Affordable Housing Trust Fund:** $800,000,000 for the capitalization of the Affordable Housing Trust Fund, with a portion dedicated to homeownership opportunities for first-time homebuyers.
* **Housing Stabilization and Investment Trust Fund:** $425,000,000 for grants or loans for projects that preserve and produce housing for low-income families and individuals.
* **State-Aided Public Housing Capital Improvements:** $2,000,000,000 for grants for projects related to renovation, remodeling, reconstruction, redevelopment, and hazardous material abatement for state-aided public housing, with specific allocations for the Boston Housing Authority and accessibility improvements.
* **Public Housing Demonstration Program:** $200,000,000 for grants for a demonstration program to test cost-effective revitalization methods for state-aided public housing.
* **Housing Innovations Trust Fund:** $200,000,000 for grants or loans to fund projects that preserve and produce housing for low-income families and individuals.
* **Innovative, Sustainable, and Green Housing Initiatives:** $275,000,000 for financial assistance for innovative housing initiatives, including re-use of commercial space, modular construction, accessory dwelling units, and transit-oriented development.
* **Middle-Income Housing Fund:** $200,000,000 for the Middle-Income Housing Fund.
* **Local Housing Initiatives:** $196,986,900 for various local housing projects across the commonwealth, including specific allocations for senior housing, connector roads, and capital improvements for numerous housing authorities.
* **Massachusetts Water Resources Authority Expansion:** $1,000,000,000 for expanding the capacity of the Massachusetts Water Resources Authority to serve new areas and improve drinking water quality.
* **Housing Choice Designation Grant Program:** $50,000,000 for a grant program to support communities that have demonstrated housing production and adopted housing best practices, including assisting MBTA communities with multi-family zoning requirements.
* **Smart Growth Housing Trust Fund:** $20,000,000 for the Smart Growth Housing Trust Fund.
* **For-Sale, Below-Market Housing Production:** $100,000,000 for grants and loans to support the production of for-sale, below-market housing to expand homeownership opportunities.
* **Community Development and Housing Initiatives:** $25,000,000 for grants and technical assistance to municipalities for community development, housing production, workforce training, and climate resilience.
* **HousingWorks Infrastructure Program:** $175,000,000 for infrastructure grants that support housing development.
* **Neighborhood and Community Revitalization:** $50,000,000 for grants to assist in the revitalization of neighborhoods with properties in blighted or substandard conditions.
* **Commercial Property Conversion to Residential Housing:** $150,000,000 for grants to municipalities for the conversion of commercial properties into residential housing.
* **Massachusetts Healthy Homes Program:** $50,000,000 for grants to support remediation efforts at former state-owned buildings, with a significant portion allocated for the former Medfield State Hospital.
* **Residential Production Momentum Fund:** $250,000,000 for the Massachusetts Housing Finance Agency to capitalize a fund for accelerating the development of mixed-income and workforce multifamily housing.
The bill also includes various provisions related to housing accessibility, tenant protections, and tax incentives for housing development.
Committee Categories
Budget and Finance
Sponsors (0)
No sponsors listed
Last Action
Reported by H4977 (on 08/01/2024)
Official Document
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/H4726 | 06/06/2024 |
| BillText | https://malegislature.gov/Bills/193/H4726.pdf | 06/06/2024 |
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