Bill > S2850

This bill appropriates over $5.1 billion for a capital outlay program to address housing needs across the commonwealth for the current and future fiscal years. * **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. * **Accessibility and Independent Living Modifications:** $60,000,000 from the General Fund for loans or grants to assist homeowners or tenants with household members with blindness or severe disabilities in making accessibility modifications to their primary residences or for building accessory units. * **Community-Based Housing for Individuals with Mental Illness and Intellectual Disabilities:** $70,000,000 from the General Fund for loans for the development of community-based or supportive housing for individuals with mental illness and intellectual disabilities. * **Community-Based Housing for Persons with Disabilities:** $55,000,000 from the General Fund for loans for the development and redevelopment of community-based or supportive housing for persons with disabilities who are institutionalized or at risk of institutionalization. * **Affordable Housing Trust Fund:** $800,000,000 from the General Fund to capitalize the Affordable Housing Trust Fund, with a portion designated for homeownership opportunities. * **Housing Stabilization and Investment Trust Fund:** $435,000,000 from the General Fund for grants or loans to the Housing Stabilization and Investment Trust Fund, with a focus on preserving and producing housing for very low-income families and individuals. * **Public Housing Modernization and Improvements:** $2,000,000,000 from the General Fund for grants for projects related to public housing, including renovation, hazardous material abatement, and accessibility adaptations. * **Public Housing Revitalization Demonstration Program:** $200,000,000 from the General Fund for grants for a demonstration program to test 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 the Housing Innovations Trust Fund. * **Innovative, Sustainable, and Green Housing Initiatives:** $275,000,000 from the General Fund for financial assistance for innovative housing initiatives, with a focus on affordability and sustainability. * **Middle-Income Housing Fund:** $100,000,000 from the General Fund for the Middle-Income Housing Fund. * **Local Capital Projects Grant Program:** $60,000,000 from the General Fund to support communities that have demonstrated housing production and adopted housing best practices. * **Smart Growth Housing Trust Fund:** $20,000,000 from the General Fund for the Smart Growth Housing Trust Fund. * **Below Market Housing Reserve:** $200,000,000 from the General Fund to support the production of for-sale, below-market housing to expand homeownership opportunities. * **Rural and Small Town Housing Program:** $50,000,000 from the General Fund for loans, grants, and other financial assistance for housing development and redevelopment in rural areas. * **Seasonal Community Housing Innovation Program:** $50,000,000 from the General Fund for loans, grants, and other financial assistance for housing development and redevelopment in seasonal communities. * **Midsized and Suburban Communities Housing Program:** $50,000,000 from the General Fund for loans, grants, and other financial assistance for housing development and redevelopment in midsized and suburban communities. * **Residential Production Momentum Fund:** $50,000,000 from the General Fund to capitalize a permanent fund for accelerating the development of mixed-income and workforce multifamily housing. * **Planning and Studies for Infrastructure and Site Preparation:** $30,000,000 from the General Fund for costs associated with planning, studies, demolition, remediation, construction, and site preparation for infrastructure and housing projects. * **Local Housing Initiatives:** $228,770,000 from the General Fund for various local housing initiatives, including specific allocations to numerous housing authorities and community development corporations for capital improvements, modernization, and new construction.