Bill > H3653

This bill authorizes $1.287 billion in financing to support the production and preservation of housing for low and moderate income residents in Massachusetts. Key provisions include: - Funding for a variety of housing programs, including loans and grants to assist homeowners and tenants with disabilities, development of community-based and supportive housing, the Affordable Housing Trust Fund, the Housing Stabilization and Investment Trust Fund, public housing modernization and revitalization, and transit-oriented development. - Regulatory changes to facilitate the redevelopment and preservation of state-aided public housing, including allowing housing authorities to pledge future capital funds to secure financing and streamlining the disposition process. - Allowing the Massachusetts Housing Finance Agency to provide contract administration and loan servicing services outside of Massachusetts. - Extending the availability of certain capital appropriations authorized in 2013 through fiscal year 2022. The bill aims to increase the production and preservation of affordable housing, particularly for low-income residents, seniors, persons with disabilities, and the homeless, while also supporting economic reinvestment and housing stability.

Housing and Urban Affairs

https://malegislature.gov/Bills/190/H3653