8.B.5) Develop a Regional Housing Fund

In addition to a basic need for more dollars to produce housing, funding from the state and federal governments often have different priorities and restrictions.  Many municipalities have local funds available through the Community Preservation Act, the CDBG and HOME Programs, among other sources.  

A regional housing fund could consolidate smaller funding streams and would fund regional housing initiatives and priorities identified in the Regional Housing Needs Assessment.  A regional entity, either an existing non-profit regional housing organization or community action agency, could administer these funds.   Key stakeholders should be involved in decisions regarding the use, allocation, and administration of the fund.   

5.a    MAPC, municipalities, and allied organizations should develop a proposal for a regional housing fund

 

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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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