Bill > H4108

This bill provides financing for the production and preservation of housing for low and moderate income residents in Massachusetts. Key provisions include: - Establishing various state funding sources, including the Early Education and Out of School Time Capital Fund, a program for home modifications for accessibility, and loan programs for community-based and supportive housing for individuals with mental illness, intellectual disabilities, and other disabilities. - Capitalizing the Affordable Housing Trust Fund, Housing Stabilization and Investment Trust Fund, and Housing Innovations Trust Fund to support affordable housing projects. - Providing funding for the preservation and modernization of state-aided public housing developments, as well as grants for housing authorities to implement innovative solutions to address management, marketing, and capital needs. - Expanding the community investment tax credit program to encourage investment in affordable housing and community development projects. - Giving the state a right of first refusal to purchase certain housing units when affordability restrictions expire, in order to preserve affordability. The bill aims to finance the production and preservation of housing for low and moderate income individuals and families across Massachusetts.

https://malegislature.gov/Bills/190/H4108