Bill > H2675

This bill amends Chapter 44B of the General Laws to allow cities and towns that have established a "linkage program" (a program requiring developers to contribute to affordable housing initiatives) and a "neighborhood housing trust" (a fund specifically for affordable housing projects) to receive money from the "community preservation trust fund," which is a state fund dedicated to preservation and community development. Specifically, the bill states that the commissioner of revenue will send money to a city's neighborhood housing trust, with the amount matching what the city collected through affordable housing exactions under Chapter 371 of the Acts of 1987. These funds, once transferred, must be used by the neighborhood housing trust to support the creation and upkeep of affordable housing, following the trust's established rules.