Wednesday, July 24, 2013

Senate Expected to Consider Housing Bond Bill

On Thursday the Massachusetts State Senate will consider a $1.4 billion housing bond bill, a five-year capital plan for the production and preservation of housing in the Commonwealth that includes $500 million to repair and improve public housing, $305 million dedicated to the Affordable Housing Trust Fund, and $135 million dedicated to the Housing Stabilization and Investment Trust Fund. 

Senators have until 3:00pm today to file amendments to S.1835, “An Act financing the production and preservation of housing for low and moderate income residents”.  On June 5th, the House of Representatives passed a version of the bill unanimously by a vote of 148-0.

Posted below is a summary of the Housing Bond bill.  To read the text of the bill in its entirety please click here.