An Act facilitating the appropriation and expenditure of community preservation funds for community housing purposes in the town of Chatham

This bill allows the town of Chatham to use community preservation funds for housing projects that serve families earning less than 200 percent of the area-wide median income. It achieves this by overriding the state's existing definition of moderate income housing, which typically sets a lower income threshold. The town must still receive a recommendation from its community preservation committee before spending these funds under the new rules. Once passed, the law takes effect immediately, giving Chatham more flexibility to allocate local preservation money toward a broader range of affordable housing needs.