MA S983

Establishes a Massachusetts Center for Housing Cooperatives within the Executive Office of Housing and Livable Communities to expand cooperative resident ownership, with a focus on low to moderate income residents

Director authorized to hire staff, appoint task forces, contract with consultants, and accept gifts or grants deposited into a dedicated fund that does not revert to the General Fund

Requires annual reporting to the legislature on statewide housing cooperative inventory and center activities supporting transition to cooperative ownership models

Appropriates $100,000,000 in fiscal year 2026 for acquiring real estate for new cooperatives and preserving, rehabilitating, and meeting capital needs of existing cooperatives

Funds may be administered through Massachusetts Housing Finance Agency, Massachusetts Housing Partnership, Community Economic Development Assistance Corporation, or ROC USA Capital, with a report on recommendations due within 180 days