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Supporters push ‘Homes for Lasting Affordability’ bill to preserve permanently affordable homeownership
Summary
Advocates, community land trusts and legislators urged creation of a state program to fund permanently affordable homeownership units and small developments, saying the approach preserves subsidy value across generations and supports wealth building for low‑ and moderate‑income families.
Witnesses urged the Joint Committee on Housing to advance a proposal (H.1576 / S.1010) to create a permanent affordability homeownership program—branded in testimony as “Homes for Lasting Affordability.” That program would fund permanently affordable ownership units, often paired with shared‑equity models, and prioritize small‑scale projects up to roughly 25 units.
Proponents said permanent affordability programs anchor neighborhoods by keeping publicly supported homeownership affordable for multiple generations. Mark Martinez, a housing attorney and president of the…
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