Provincetown Housing Trust Bill on Beacon Hill

Provincetown-High-14-620-65d-for-FBPROVINCETOWN – A bill that would create a rental housing trust for Provincetown is being debated on Beacon Hil.

State Representative Sarah Peake and State Senator Dan Wolf co-sponsored the bill.

“It’s to set up a trust fund, which is basically like a bank account that is sanctioned, that the town would run, into which monies can be deposited to support market rate rental housing,” said Peake.

Selectmen would then appoint a five-member board of trustees that would administer the trust fund.

Before money could be put into the fund, it would have to be approved in a vote at town meeting.

A hearing took place earlier this month on the legislation, which includes the possibility that the trust could be applied to affordable rental housing, instead of just market-rate rental housing.

Peake said the legislation would get the ball rolling on solving the affordable housing issue in Provincetown.

“It would allow the community through town meeting votes to raise and appropriate funds to put in there,” said Peake. “It would allow the board of directors to go and seek various grants and it could also accept outright donations.”

The legislation, known as Bill H.3742, was filed with the house clerk’s office on August 19, referred to the joint committee on August 27 and the senate concurred on August 31.


Speak Your Mind

737 West Main Street
Hyannis, MA 02601
Contact Us | Advertise Terms of Use 
Employment and EEO | Privacy