Amendment #318 to H4707

Small Properties Acquisition Fund

Ms. Uyterhoeven of Somerville moves to amend the bill by adding the following section:

SECTION XXXX. For the Small Properties State Acquisition Fund; provided, that this program is to issue soft loans to supplement other acquisition soft loans administered by municipal or other affordable housing acquisition lenders on a rolling basis; provided further, that acquisitions pursuant to this program shall follow the affordability restrictions of said affordable housing acquisition lenders; provided further, that loans under this program shall be used for the acquisition of buildings of no less than 1 unit and no more than 8 units of residential housing for rental or ownership, or mixed-use buildings, for a term of at least 30 years .....................$25,000,000

Additional co-sponsor(s) added to Amendment #318 to H4707

Small Properties Acquisition Fund