Establishes the Massachusetts Rental Voucher Program to provide rental assistance to low-income households.
The bill establishes the Massachusetts Rental Voucher Program (MRVP) to provide rental assistance for eligible low-income, very low-income, and extremely low-income households. Administered by the executive office of housing and livable communities, the program issues vouchers to households with net income not exceeding 80% of the area median income. At least 75% of vouchers target households with income not exceeding 30% of the area median income. The program includes mobile and project-based vouchers, with payment standards set between 100% and 110% of the fair market rent.
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