An Act establishing an accessory dwelling unit trust fund

This bill creates a state trust fund to help low- and moderate-income homeowners build secondary housing units (like backyard cottages or basement apartments) on their properties. It targets property owners with incomes up to 110% of the local median income (as defined by federal housing standards). The fund will provide financial assistance for pre-construction costs - such as design fees, permits, utility connections, and site preparation - but only the minimum amount needed to make the project feasible. Administered by the state housing office or designated agencies, the fund will accept state appropriations, private donations, and other sources, with unspent funds remaining in the fund rather than reverting to the general state budget.