Establishes a Starter Home Development Fund to subsidize starter homes for middle-income households.

The bill establishes the Starter Home Development Fund to provide subsidies for new construction or substantial rehabilitation of starter homes for households with incomes between 80% and 120% of the area median income. The fund will finance subsidies for developers and homebuyers, ensuring affordability for at least 99 years. An advisory committee will oversee the fund's activities, and the Massachusetts Housing Finance Agency will administer the fund. The fund will be financed through appropriations, gifts, grants, and other sources.

Establishes a Starter Home Development Fund to subsidize starter homes for middle-income households.

The bill establishes the Starter Home Development Fund to provide subsidies for new construction or substantial rehabilitation of starter homes for households with incomes between 80% and 120% of the area median income. The fund will finance subsidies for developers and homebuyers, ensuring affordability for at least 99 years. An advisory committee will oversee the fund's activities, and the Massachusetts Housing Finance Agency will administer the fund. The fund will be financed through appropriations, gifts, grants, and other sources.