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Bill would create Massachusetts Center for Housing Cooperatives and $100M reserve, sponsors say
Summary
Sponsors and cooperative advocates told the committee the proposed Massachusetts Center for Housing Cooperatives would support resident ownership models, manufactured home communities and multifamily co‑ops, seeking a $100 million reserve and technical support modeled on the state’s MassCEO program.
Rep. Carmen Gentile and cooperative advocates told the Joint Committee on Housing that a state‑level center and fund could expand resident‑owned cooperatives and preserve affordability in manufactured home communities and multifamily buildings.
Why it matters: Housing cooperatives give residents a path to collective ownership and local control that advocates say can reduce displacement and improve maintenance and affordability for low‑ and moderate‑income…
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