8.B.6) Form municipal Affordable Housing Trusts

Municipalities should form and fund Municipal Affordable Housing Trust Funds through MGL Chapter 44, Section 55C.  These locally-controlled groups administer local funds, often generated through “payments-in-lieu of housing” from inclusionary zoning by-laws; these funds may also include monies generated by the Community Preservation Act.  Working with a local Planning or Community Development Office and/ or a local Housing Partnership Committee can help ensure that housing funds are directed to address specific community needs, such as downpayment assistance for first-time buyers or acquiring a key development parcel.

6.a    Municipalities that have local affordable housing funds through Inclusionary Zoning, CPA, or other mechanisms should establish an affordable housing trust fund

6.b    State law and programs should enable and encourage neighboring municipalities to form regional affordable housing trust funds to serve common needs

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Parent Strategy: 
Expand Access to Housing
Parent Sub-Strategy: 
B. Increase affordable housing production in appropriate locations
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