An Investigation Into Massachusetts Public Housing

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LcT-T-ren;b_ jjDusin^^ for ?:?m xlie s - l!ass. Gen. Ls-rs, Ch. 121, Sect. 26AA, FF Avith oris a t-i on Cli. 705 01 Acts of i960 Purpose The maiidate for loxj-rent housing for faralies reflected the fact that no low -rent hotising had been built bv the state since the tennination in 1955 of building under the veterans progran.
Specifically, the laT-r ai^ns at prc/iding housrhng for loxj-incoiae fariiilies, with an enphasis to''-:'ard those disj^laced by public action.
Inipleznent ation The la'i
... is srnilar in its finsn.cing and ni.-jnageraent to the veter-ans prograri, but differs in the type of housi'ig provided sjid the larger subsidies available. Tne State g^aarantees bonds and notes of ac- cuisition or construction .a:id contributes to the local housing authorities for pay^iAents on the principal and f/nterest. Bonds are guaranteed up to the cost of the developi.ient of the project, *-fith. a mxcjjiiuin I4O year terr;i and up to 5.''^ state contribution on the original cost. L?cal housing authorities may also aid the progr?Ho ■■rith grants, l03n.s, appropria- tions, and 3.cc?ptance of payment in lieu of ta:ies.

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