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-funded homeownership program designed to help low- and moderate-income families purchase homes in Massachusetts. The program would aim to increase the availability of affordable housing options throughout the state. It seeks to provide financial assistance and support to eligible homebuyers, making homeownership more accessible. The bill’s specific details regarding eligibility criteria and funding mechanisms are yet to be fully defined.
Key provisions
- Creation of a permanent affordability homeownership program.
- Provision of financial assistance to eligible homebuyers.
- Targeting low- and moderate-income families.
- Support for first-time homebuyers.
- Potential inclusion of down payment assistance.
- Establishment of program guidelines and eligibility criteria.
- Funding mechanisms for the program are to be determined.
Who is affected
- Low- and moderate-income homebuyers
- Massachusetts residents
- Housing market participants
- First-time homebuyers
Notable changes
- Establishes a long-term, dedicated funding source for affordable homeownership.
- No current changes are explicitly stated in the text.
Bill text
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Text extraction is in progress. View the official source.
Sponsors
Official sponsors from legislative records.
9 on record
Primary sponsor
Cosponsors
James B. Eldridge
Joanne M. Comerford
Arguments
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