1 of 2 SENATE . . . . . . . . . . . . . . No. 2875 Senate, July 19, 2024 -- Text of the Senate amendment (Senator Creem) to the House Bill facilitating the appropriation and expenditure of community preservation funds for community housing purposes in the town of Wellesley (House, No. 4042) The Commonwealth of Massachusetts _______________ In the One Hundred and Ninety-Third General Court (2023-2024) _______________ 1 SECTION 1. (a) Notwithstanding section 5 of chapter 44B of the General Laws or any 2other general or special law to the contrary, the town of Wellesley, upon recommendation of the 3town’s community preservation committee, may appropriate or expend community preservation 4funds to the Wellesley Housing Authority for the acquisition, creation, preservation, 5rehabilitation or restoration and support of community housing, as those terms are defined in said 6chapter 44B. 7 (b) Funds appropriated or expended for the rehabilitation or restoration of community 8housing that was not acquired or created pursuant to chapter 44B of the General Laws shall not 9count towards the requirement in section 6 of said chapter 44B to spend, or set aside for later 10spending, not less than a certain per cent of the annual revenues for community housing; 11provided, however, that in addition to the requirement under said section 6 of said chapter 44B, 12for each dollar appropriated or expended pursuant to this act for the rehabilitation or restoration 13of community housing that was not acquired or created pursuant to said chapter 44B, the town 14shall spend, or set aside for later spending, a dollar for the acquisition, creation, preservation and 2 of 2 15support of community housing or for the rehabilitation or restoration of community housing that 16was acquired or created pursuant to said chapter 44B. 17 (c) The town shall not appropriate or expend any funds for the rehabilitation or 18restoration of community housing that was not acquired or created pursuant to chapter 44B of the 19General Laws that were set aside for later spending on community housing projects under section 206 of said chapter 44B. 21 (d) The town of Wellesley, acting by and through its community preservation committee, 22shall execute a grant agreement with the Wellesley Housing Authority concurrent with any 23appropriation and expenditure of funds pursuant to this act to ensure that all community 24preservation funds are expended appropriately. 25 SECTION 2. This act shall take effect upon its passage.