An Act relative to creating a permanent affordability homeownership program

This bill creates a state program to develop permanently affordable homeownership options for low and moderate income buyers in Massachusetts. It requires that new homes funded under the program maintain affordability for at least 99 years and be part of projects with 1-25 housing units. Funds can only support homes in mixed-use developments if they are permanently affordable for households earning 70-120% of the area median income. The program mandates annual reporting on funded projects, including grant amounts, units created, and affordability levels.