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Committee hears push for statewide ADU trust fund to lower up‑front costs for homeowners
Summary
Witnesses at the Joint Committee on Housing urged lawmakers to create an Accessory Dwelling Unit (ADU) trust fund to help low‑ and moderate‑income homeowners cover predevelopment and construction costs and to expand lending options for ADU projects.
Lawmakers heard a string of testimonies urging creation of a state ADU trust fund to help homeowners cover upfront costs and financing barriers for accessory dwelling units, or ADUs.
Proponents told the Joint Committee on Housing that ADUs can expand housing supply and support homeowners, but high up‑front costs and limited lending products now block many households from building them. Supporters asked the committee to establish a dedicated trust fund that would provide grants and below‑market loans and couple technical assistance with contractor lists and workshops.
An ADU trust fund would act as a financial and technical support mechanism to scale owner‑built or owner‑sponsored ADUs, witnesses said. Jesse Kancin Beninov, executive director of Abundant Housing Massachusetts, told the committee the proposed trust fund…
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