Bill > H4289

This bill modifies existing Massachusetts law to allow the town of Chatham to use community preservation funds for community housing in a more flexible manner. Specifically, the bill permits Chatham to appropriate and spend community preservation funds for housing projects that benefit people and families whose annual income is up to 200 percent of the area-wide median income, which is a broader range than the current legal definition of "moderate income housing". Community preservation funds are typically local financial resources collected through a special tax surcharge and used for preserving community assets like housing, open spaces, and historic sites. By expanding the income threshold, the bill aims to help a wider range of residents access housing support in the town of Chatham. The bill will take effect immediately upon passage and has received local approval from the town.

Housing and Urban Affairs

https://malegislature.gov/Bills/194/H4289