Establishes an Accessory Dwelling Unit Trust Fund to support low- and moderate-income property owners in building accessory dwelling units.

The bill establishes an Accessory Dwelling Unit Trust Fund to support low- and moderate-income property owners, with incomes up to 110% of the area median income, in building accessory dwelling units. The fund will be administered by the Executive Office of Housing and Livable Communities or through contracts with other agencies. It may provide financial assistance in the form of grants, loans, or other support to cover pre-development and non-recurring closing costs. Funds for the trust can come from appropriations, gifts, grants, private contributions, and investment income.

Establishes an Accessory Dwelling Unit Trust Fund to support low- and moderate-income property owners in building accessory dwelling units.

The bill establishes an Accessory Dwelling Unit Trust Fund to support low- and moderate-income property owners, with incomes up to 110% of the area median income, in building accessory dwelling units. The fund will be administered by the Executive Office of Housing and Livable Communities or through contracts with other agencies. It may provide financial assistance in the form of grants, loans, or other support to cover pre-development and non-recurring closing costs. Funds for the trust can come from appropriations, gifts, grants, private contributions, and investment income.