Establishes a Massachusetts center for housing cooperatives to promote and support cooperative housing for low to moderate income people.

The bill establishes a Massachusetts center for housing cooperatives within the Commonwealth Economic Development and Assistance Center (CEDAC) to promote and support cooperative housing for low to moderate income people. The center will focus on expanding and enhancing cooperative housing, preserving existing cooperatives, and providing education and outreach. The center will also coordinate information sharing, showcase cooperative housing initiatives, and provide grants. The commonwealth will appropriate $100,000,000 in fiscal year 2024 for a reserve to promote housing cooperatives.

Establishes a Massachusetts center for housing cooperatives to promote and support cooperative housing for low to moderate income people.

The bill establishes a Massachusetts center for housing cooperatives within the Commonwealth Economic Development and Assistance Center (CEDAC) to promote and support cooperative housing for low to moderate income people. The center will focus on expanding and enhancing cooperative housing, preserving existing cooperatives, and providing education and outreach. The center will also coordinate information sharing, showcase cooperative housing initiatives, and provide grants. The commonwealth will appropriate $100,000,000 in fiscal year 2024 for a reserve to promote housing cooperatives.