Amendment ID: S2381-11-R1

Redraft Amendment 11

Local Revenue for Affordable Housing Programs

Mr. Boncore moves to amend the amendment in section 2, after line 32 by inserting the following: ''Low income housing'', housing affordable to and occupied by individuals and families whose annual income is less than 80 per cent of the areawide median income as determined by the United States Department of Housing and Urban Development.

“Low and moderate income housing programs”, programs that assist the acquisition, creation, and preservation of low income housing or moderate income housing.

''Moderate income housing'', housing affordable to and occupied by individuals and families whose annual income is less than 100 per cent of the areawide median income as determined by the United States Department of Housing and Urban Development.

In section 3A, after line 127, by inserting the following:

Any city or town that accepts this section shall distribute an amount equal to not less than 50 per cent of all amounts distributed, credited and paid by the state treasurer to such city or town pursuant to this section to either local infrastructure needs or low and moderate income housing programs. Provided, not less than 25 per cent of such excise collected under this section shall be distributed to low and moderate income housing programs. Amounts distributed to low and moderate income housing programs pursuant to this section shall be administered through city or town entities including, but not limited to, a municipal affordable housing trust, including those created under Section 55C of Chapter 44 of the general laws and local public housing authorities.  All low and moderate income housing assisted pursuant to this section shall be affordable for a period of not less than 30 years through the use of an affordable housing restriction as defined in section 31 of chapter 184.