Bill > H3325

This bill authorizes the town of Duxbury to establish an affordable housing trust, which is a fund dedicated to creating and preserving housing that is affordable for low and moderate-income individuals and families. Specifically, it directs that any existing funds or assets from Duxbury's previous "Affordable Housing Trust Fund," established in 2005, should be transferred to a new affordable housing trust fund created by the town's annual town meeting under a specific state law (section 55C of chapter 44 of the General Laws). This new law also clarifies that any future payments designated for an affordable housing trust in Duxbury can be applied to this newly established trust fund, and it repeals the original 2005 law that created the prior trust fund, consolidating Duxbury's affordable housing efforts under the newer legal framework.