Establishes a Social Housing Production Revolving Loan Fund to facilitate mixed-income social housing development in Massachusetts.
The bill establishes a Social Housing Production Revolving Loan Fund within the Massachusetts Housing Finance Authority to support the development of mixed-income social housing. It authorizes the issuance of $100,000,000 in bonds to capitalize the fund, which will provide financial assistance to local and regional housing authorities. The fund will finance mixed-income social housing projects that meet specific criteria, including community control, rent stabilization, and net zero energy targets.
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