Establishes a Starter Home Development Trust Fund to aid in the construction and rehabilitation of starter homes for middle-income households.

The bill establishes the Starter Home Development Trust Fund within the executive office of housing and livable communities. This fund will provide financial assistance for new construction or substantial rehabilitation of owner-occupied starter homes. The fund will target households with incomes between 80% and 120% of the area median income, as determined by the U.S. Department of Housing and Urban Development. The fund will be financed through appropriations and other designated monies, with priority given to projects in starter home zoning districts.

Establishes a Starter Home Development Trust Fund to aid in the construction and rehabilitation of starter homes for middle-income households.

The bill establishes the Starter Home Development Trust Fund within the executive office of housing and livable communities. This fund will provide financial assistance for new construction or substantial rehabilitation of owner-occupied starter homes. The fund will target households with incomes between 80% and 120% of the area median income, as determined by the U.S. Department of Housing and Urban Development. The fund will be financed through appropriations and other designated monies, with priority given to projects in starter home zoning districts.