An Act amending Chapter 305 of the Acts of 2016 relative to the year-round market rate rental housing trust fund in the town of Provincetown
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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 amends existing law to establish and regulate the year-round market rate rental housing trust fund specifically for the town of Provincetown, Massachusetts. The fund aims to support the creation and preservation of market-rate rental housing options within the town. It is based on a petition from the town of Provincetown, demonstrating local support for the initiative. The bill clarifies the fund’s purpose and operation.
Key provisions
- Establishes a year-round market rate rental housing trust fund for Provincetown.
- Specifies the types of projects the trust fund can support.
- Outlines the process for allocating funds from the trust fund.
- Requires the town of Provincetown to oversee the administration of the fund.
- Details reporting requirements for the trust fund’s activities.
Who is affected
- Town of Provincetown, Massachusetts
- Residents of Provincetown
- Developers of rental housing in Provincetown
- Municipalities in Massachusetts
- Regional Government in Massachusetts
Notable changes
- This bill creates a new dedicated fund for market-rate rental housing in Provincetown.
- It builds upon existing Chapter 305 of the Acts of 2016.
- The local approval from Provincetown signifies a strong community interest in addressing housing needs.
Bill text
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Sponsors
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3 on record
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Cosponsors
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