An Act to promote housing cooperatives
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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 aims to encourage the development and growth of housing cooperatives in Massachusetts. It seeks to establish a framework that supports the creation of resident-owned housing communities, potentially increasing access to affordable housing options. The legislation intends to provide resources and guidance to individuals and groups interested in forming or joining housing cooperatives. It also seeks to streamline the process for establishing these types of communities.
Key provisions
- Establishes a process for forming housing cooperatives.
- Provides guidance and resources for cooperative development.
- May offer incentives for cooperative housing projects.
- Supports resident ownership and control of housing.
- Aims to increase the availability of affordable housing through cooperatives.
Who is affected
- Massachusetts residents
- Housing cooperative developers
- Potential cooperative homebuyers
- Non-profit organizations
- The housing sector
Notable changes
- The bill focuses specifically on promoting housing cooperatives as a model for affordable housing.
- It establishes a framework for resident ownership and control of housing units.
Bill text
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Sponsors
Official sponsors from legislative records.
3 on record
Primary sponsor
James B. Eldridge
Cosponsors
James B. Eldridge
Joanne M. Comerford
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