An Act to promote housing cooperatives

HD 815 establishes the Massachusetts Center for Housing Cooperatives within the Executive Office of Housing and Livable Communities. The center will provide education, outreach, and research to expand resident-owned cooperative housing, particularly for low-to-moderate income residents, and coordinate resources. The bill allocates $100 million in fiscal year 2026 specifically for acquiring, rehabilitating, and preserving cooperative housing properties through agencies like the Massachusetts Housing Finance Agency. It also requires the center to issue annual reports on cooperative housing activities and fund distribution. This creates a dedicated state infrastructure to support cooperative housing development and preservation.