Senate Ways and Means Releases Housing Bond Bill - $5.1 billion in authorization proposed

Post date
June 24, 2024
Matt Noyes headshot

Matt Noyes

Director of Public Policy

Today, the Senate Ways and Means Committee released its Housing Bond Bill proposal.  In it, the Committee proposes $5.1 billion in bond authorization for a range of programs, including several new initiatives.  Overall, the Senate bill invests significantly in infrastructure and housing production in every community.  

 

Below is a chart comparing funding proposals from the Governor, the House, and Senate Ways and Means.  A more detailed analysis of the bill along with policy highlights will come soon.  In the meantime, amendment proposals are due by 5pm on Tuesday, June 25.  The full Senate is expected to debate and vote on the Bond Bill on Thursday, June 27.

 

Line Item Program 2018 Bond Bill Affordable Homes Act House Final Senate Ways and Means
1599-1953 Local Designated Projects     $196,986,900  $1,000,000
1599-3032 MWRA Infrastructure     $1,000,000,000   
3000-0411 Early Education & Out of School Time $45,000,000 $50,000,000  $50,000,000  $50,000,000
7004-0069 Home Modification Loan Program $60,000,000 $60,000,000  $60,000,000  $60,000,000
7004-0070 Facilities Consolidation Fund $65,000,000 $70,000,000  $70,000,000  $70,000,000
7004-0071 Community Based Housing $55,000,000 $55,000,000  $55,000,000  $55,000,000
7004-0072 Affordable Housing Trust Fund $400,000,000 $800,000,000  $800,000,000  $800,000,000
7004-0073 Housing Stabilization Fund $150,000,000 $425,000,000  $425,000,000  $425,000,000
7004-0074 Public Housing $600,000,000 $1,500,000,000  $2,000,000,000  $2,000,000,000
7004-0075 Public Housing Demonstration $50,000,000 $100,000,000  $200,000,000  $200,000,000
7004-0076 Housing Innovations Fund $100,000,000 $200,000,000  $200,000,000  $200,000,000
7004-0077 Housing Choice Local Community Planning Grants   $35,000,000  $50,000,000  $60,000,000
7004-0078 Green Housing Initiative   $275,000,000  $275,000,000  $275,000,000
7004-0079 Smart Growth   $20,000,000  $20,000,000  $20,000,000
7004-0080 Middle Income Housing $100,000,000 $100,000,000  $200,000,000  $100,000,000
7004-0081 CommonWealth Builder   $100,000,000  $100,000,000  $200,000,000
7004-0082 HousingWorks Community Planning Grants   $25,000,000  $25,000,000  $25,000,000
7004-0083 Housing Choice Infrastructure   $175,000,000  $175,000,000  $375,000,000
7004-0085 Neighborhood Stabilization   $50,000,000  $50,000,000  $50,000,000
7004-0092 Commercial Property Conversion     $150,000,000   
7004-0093 Healthy Homes     $50,000,000   
7004-0094 Veterans Housing     $20,000,000   
7004-0095 Transitioning State-Owned Buildings     $50,000,000   
7004-0096 Rural / Small Town Housing       $50,000,000
7004-0097 Seasonal Communities       $50,000,000
7004-0098 Mid-Sized and Suburban Housing       $50,000,000
7004-4784 Momentum Fund   $50,000,000  $250,000,000  $50,000,000