Bill > S2761

This bill establishes a Center for Housing Cooperatives within the executive office of housing and livable communities to promote housing cooperatives for low to moderate income people in Massachusetts. The center will have multiple responsibilities, including expanding cooperative resident ownership, preserving and increasing cooperatively owned properties, conducting research, providing education, and promoting the benefits of cooperative housing to policymakers and the public. The bill creates a non-budgeted special revenue fund to support the center's work, allowing it to accept gifts and grants and spend funds without subsequent appropriation. The center will be led by a full-time director appointed by the secretary of housing and livable communities, who will be responsible for developing rules and procedures for service delivery. The director must file an annual report with legislative clerks and housing committee chairs, including an inventory of housing cooperatives in the state and specific activities supporting the transition of properties to cooperative ownership models. This legislation aims to increase awareness, accessibility, and support for housing cooperatives as an alternative housing ownership strategy.

Budget and Finance

Joint Committee on Housing (Joint)

https://malegislature.gov/Bills/194/S2761