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Advocates push ‘Homes for Lasting Affordability’ bill to fund permanently affordable homeownership
Summary
Witnesses including community land trust leaders and Sen. Liz Miranda urged the committee to advance H1576/S1010, a bill to create a program funding permanently affordable homeownership (shared‑equity models) with long‑term deed restrictions (99 years) and support for small projects up to 25 units.
Community land trust leaders, researchers and state lawmakers told the Joint Committee on Housing that a permanent affordability homeownership program (H1576/S1010, “Homes for Lasting Affordability”) would create durable homeownership opportunities for low‑ and moderate‑income families.
What proponents said: Caroline Ellenbird, director of a community land trust in Chelsea, described shared‑equity homeownership as preserving low costs across multiple buyers and said small duplex/condo projects preserve…
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