An Act relative to Affordable Housing Trust Fund of the town of Edgartown
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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 establishes and supports an Affordable Housing Trust Fund specifically for the town of Edgartown, Massachusetts. The fund’s purpose is to promote the development and preservation of affordable housing within the town. It is supported by a petition from the town of Edgartown and has received local approval. The bill was referred to the House Committee on Housing and subsequently reported favorably.
Key provisions
- Establishes an Affordable Housing Trust Fund for Edgartown.
- Authorizes the use of the trust fund for affordable housing projects.
- Requires the town of Edgartown to establish a process for administering the trust fund.
- Provides for the allocation of funds within the trust fund.
- Specifies the types of projects eligible for funding.
- Requires the town to report on the use of funds.
Who is affected
- Residents of Edgartown, Massachusetts
- Potential homebuyers in Edgartown
- The town of Edgartown
- Housing developers in Edgartown
Notable changes
- Creates a dedicated funding source for affordable housing in Edgartown.
- Local approval from the town of Edgartown is a prerequisite for the fund's establishment.
Bill text
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Sponsors
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3 on record
Primary sponsor
Cosponsors
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