Establishes an Accessory Dwelling Unit Trust Fund to support low- and moderate-income property owners.

The bill establishes an Accessory Dwelling Unit Trust Fund to support low- and moderate-income property owners, defined as those with incomes up to 110% of the area median income. The fund will provide financial assistance in the form of grants, loans, or other aid to cover pre-development and non-recurring closing costs for building an accessory dwelling unit. The fund will be administered by the Executive Office of Housing and Livable Communities or through contracts with specified agencies.

Establishes an Accessory Dwelling Unit Trust Fund to support low- and moderate-income property owners.

The bill establishes an Accessory Dwelling Unit Trust Fund to support low- and moderate-income property owners, defined as those with incomes up to 110% of the area median income. The fund will provide financial assistance in the form of grants, loans, or other aid to cover pre-development and non-recurring closing costs for building an accessory dwelling unit. The fund will be administered by the Executive Office of Housing and Livable Communities or through contracts with specified agencies.