relative to providing loan guarantees for accessory dwelling unit financing.
Inexpedient to Legislate: MA VV 02/05/2026 HJ 3 P. 11
Summary
The bill would require the state Housing Finance Authority to offer loan guarantees to lenders that finance accessory dwelling unit (ADU) projects, covering 80% to 100% of the loan based on the completed ADU’s appraised value. Guarantees would be capped at $100 million per year, and the Authority would receive $25,000 in FY2027 and $25,000 in FY2028 to cover administrative costs. The measure did not pass and is therefore not in effect.
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