Budget Amendment ID: FY2022-S3-724

ECO 724

Supporting Neighborhood Stabilization Revitalization Initiatives

Messrs. Lesser, Eldridge, Brady, Crighton, O'Connor, Velis, Keenan and Cyr moved that the proposed new text be amended in section 2, in item 7002-1502, by adding the following words:- “; provided further that $750,000 shall be expended on a neighborhood stabilization initiative to assist local governments and their non-profit partners to implement strategic neighborhood revitalization initiatives; and provided further, that the Initiative shall be developed in consultation with the Massachusetts Association of Community Development Corporations, and The Massachusetts Institute for a New Commonwealth, Inc. and shall focus on identifying and implementing strategies for reclaiming vacant, abandoned, and blighted properties and restoring them to productive use as homeownership opportunities or rental housing, as well as on capacity building at the local level to address this need”; and by striking out the figure “$250,000” and inserting in place thereof the following figure “$1,000,000”.