Amendment #830 to H5500

Small Properties State Acquisition Fund

Mr. Owens of Watertown moves to amend the bill in section 2 by inserting after item 7004-9005 the following item: "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 .....................$3,000,000.”

Additional co-sponsor(s) added to Amendment #830 to H5500

Small Properties State Acquisition Fund