Bill > H4134

This bill proposes to provide financing for the production and preservation of housing for low and moderate income residents in Massachusetts. Key provisions include: - Authorizing $1.7 billion in bonds for various housing-related programs, including grants and loans to support the development and preservation of affordable housing, housing for people with disabilities, early education and out-of-school time facilities, home modifications for people with disabilities, and neighborhood revitalization efforts. - Extending certain tax credits related to affordable housing development and community investment. - Establishing an option for the state to purchase affordable housing units upon expiration of affordability restrictions in order to preserve affordability. - Requiring proper classification and benefits for workers on housing projects receiving funds under the bill. Overall, the bill aims to increase the supply of affordable housing and support related programs and services for low and moderate income residents in Massachusetts.

Budget and Finance

https://malegislature.gov/Bills/190/H4134