An Act authorizing the Provincetown year-round market rate rental housing trust to acquire year-round housing occupancy restrictions
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill authorizes the Provincetown year-round market rate rental housing trust to acquire year-round housing occupancy restrictions. The trust’s purpose is to increase the availability of rental housing in Provincetown. This legislation aims to support the establishment and operation of a trust fund dedicated to addressing housing needs within the town. The trust will be able to acquire restrictions to ensure year-round occupancy.
Key provisions
- Authorizes the Provincetown year-round market rate rental housing trust to acquire year-round housing occupancy restrictions.
- Establishes a mechanism for the trust to manage housing occupancy.
- Focuses on addressing housing needs in Provincetown.
- Relates to the existing Year-round Market Rate Rental Housing Trust Fund.
- Requires local approval for the trust's operations.
Who is affected
- Residents of Provincetown, Massachusetts
- The Provincetown year-round market rate rental housing trust
- The housing market in Provincetown
Notable changes
- This bill specifically authorizes the trust to acquire occupancy restrictions, expanding its ability to influence housing availability.
- It builds upon existing trust funds established in other Cape Cod towns (Truro, for example).
Bill text
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Sponsors
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3 on record
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Cosponsors
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