An Act relative to creating a permanent affordability homeownership program
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill proposes establishing a permanent state-level program to support homeownership for individuals and families who meet specific affordability criteria. The program aims to provide assistance, such as down payment assistance or reduced interest rates, to make homeownership more accessible. It seeks to address the ongoing challenges of housing affordability in Massachusetts. The bill is currently being considered by the Housing committee.
Key provisions
- Creation of a permanent affordability homeownership program.
- Targeted assistance for income-qualified homebuyers.
- Potential inclusion of down payment assistance or reduced interest rates.
- Establishment of eligibility criteria based on income and location.
- Funding mechanisms for the program are not explicitly detailed in the provided text.
Who is affected
- First-time homebuyers
- Low-to-moderate income households
- Massachusetts residents
Bill text
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Sponsors
Official sponsors from legislative records.
9 on record
Primary sponsor
Cosponsors
James B. Eldridge
Joanne M. Comerford
Arguments
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