For MACDC and our members, we ended the legislative session feeling accomplished about numerous wins in the state operating budget including, level funding of $7M for Small Business Technical Assistance, over $30M in grants to small businesses, and $15M for the Community Empowerment and Reinvestment grant program. However, in a disappointing turn of events the session ended with the Legislature neglecting to finalize the Economic Development Bill. For MACDC, this meant leaving over $400M for affordable housing and over $75M to BIPOC small businesses unfinished. We hope that the legislature will address these critical issues during informal sessions this fall.
Throughout the session MACDC also advocated and organized around numerous policy initiatives that would help to create healthier homes across the Commonwealth, increase dedicated funding for affordable housing and climate change, provide tenants an opportunity to purchase their homes, and decarbonize existing buildings. Although progress was made building support for these programs and educating leaders about their importance, in the end the following pieces of legislation did not pass this session:
- Massachusetts Healthy Homes Initiative (MHHI)
- Housing and Environment Revenue Opportunity (HERO) Act
- Tenant Opportunity to Purchase Act (TOPA)
- Zero Carbon Renovation Fund
As we work on our planning this fall for the upcoming 2023/2024 legislative session, the continuation of these campaigns will remain top of mind.