Senate Expected to Consider Housing Bond Bill

On Thursday the Massachusetts State Senate will consider a $1.4 billion housing bond bill, a five-year capital plan for the production and preservation of housing in the Commonwealth that includes $500 million to repair and improve public housing, $305 million dedicated to the Affordable Housing Trust Fund, and $135 million dedicated to the Housing Stabilization and Investment Trust Fund. 

Senators have until 3:00 p.m. today to file amendments to S.1835, “An Act financing the production and preservation of housing for low and moderate income residents”.  On June 5th, the House of Representatives passed a version of the bill unanimously by a vote of 148-0.

Posted below is a summary of the Housing Bond bill.  To read the text of the bill in its entirety please click here.

  

Summary to an Act Financing the Production and Preservation of Housing for Low and Moderate Income Resident...