HOUSE DOCKET, NO. 1965        FILED ON: 1/19/2017

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 662

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

Carole A. Fiola

_________________

To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:

The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:

An Act authorizing certain cities and towns to use the Community Preservation Fund for market rate housing.

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PETITION OF:

 

Name:

District/Address:

Date Added:

Carole A. Fiola

6th Bristol

1/19/2017

Tricia Farley-Bouvier

3rd Berkshire

2/1/2017

Robert M. Koczera

11th Bristol

1/23/2017

Paul A. Schmid, III

8th Bristol

1/24/2017

Aaron Vega

5th Hampden

1/20/2017

Chris Walsh

6th Middlesex

2/3/2017

Bud Williams

11th Hampden

2/3/2017

 



HOUSE DOCKET, NO. 1965        FILED ON: 1/19/2017

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 662

By Ms. Fiola of Fall River, a petition (accompanied by bill, House, No. 662) of Carole A. Fiola and others for legislation to allow certain cities and towns to use the Community Preservation Fund for market rate housing.  Housing.

 

The Commonwealth of Massachusetts

 

_______________

In the One Hundred and Ninetieth General Court
(2017-2018)

_______________

 

An Act authorizing certain cities and towns to use the Community Preservation Fund for market rate housing.

 

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
 

SECTION 1. Section 2 of chapter 44B of the General Laws, as appearing in the 2014 Official Edition, is hereby amended by inserting after the definition of “Maintenance” the following definition:-

“Market rate housing”, housing priced consistently with prevailing rents or sale prices in the city or town administering the Community Preservation Fund.

SECTION 2. Section 6 of said chapter 44B of the General Laws, as so appearing, is hereby amended by inserting after the word “housing”, in line 7, the following words:- , provided, however, that a city or town may spend said 10 per cent of annual revenues for community housing  on community housing or market rate housing, if the city or town’s inventory of low or moderate income housing units, as determined by the department of housing and community development, was at least 100 per cent of the statutory minima pursuant to chapter 40B, as currently calculated pursuant to the applicable rules and regulations of the department; provided, further, that market rate housing acquired with monies from the Community Preservation Fund shall not be subject to section 12 .