An Act further regulating the Year-round Market Rate Rental Housing Trust Fund in the town of Provincetown

HD 4947 amends Provincetown's Year-Round Market Rate Housing Trust Fund (formerly called "Rental") to expand its purpose to include year-round housing ownership opportunities, not just rentals. The bill updates the fund's name, revises the governing board structure to include 5 trustees and 2 alternates, and modifies language throughout to replace "rental" with "housing" or add "or ownership." These changes directly affect how the trust fund operates in Provincetown, enabling it to support both rental and ownership housing options. The amendments take effect upon the bill's passage.