An Act to promote housing cooperatives

This bill establishes the Massachusetts Center for Housing Cooperatives within the Executive Office of Housing and Livable Communities. The center will directly support low-to-moderate income residents by providing education, outreach, research, and grants to expand cooperative housing ownership, preserve existing properties, and facilitate capital needs. It authorizes a $100 million fiscal year 2026 fund to acquire real estate, rehabilitate properties, and support housing cooperatives through specific agencies like the Massachusetts Housing Finance Agency. The center must annually report to the legislature on housing cooperative inventory and activities. The bill creates a dedicated fund managed by the center, with unspent funds carrying over to future years.