Date: Friday, January 22, 2010
Time: 9:30 am — 11:30 am
Location: Mass Housing (One Beacon Street, 29th Floor)

Registration begins at 9:00 am

In November, the Massachusetts Legislature passed and the Governor signed landmark legislation to preserve existing privately-owned affordable housing in Massachusetts.  These expiring use properties are at-risk (an estimated 17,000 units over the next three years) because their use restrictions are terminating and owners have the option to convert them to market rate housing.

The legislation establishes notification provisions for tenants, a right of first refusal for DHCD or its designee to purchase publicly assisted housing, and modest tenant protections for projects with affordability restrictions that terminate.  In addition, the Governor announced a $150 million loan fund to purchase these properties so that they can remain affordable in the future.

Speakers will provide an overview of the new law, the process for crafting regulations, and the opportunities it presents for purchasing preservation properties.  This forum will be especially useful for current owners of assisted housing, tenant and community-based organizations, municipal officials, attorneys, and non-profit and for-profit entities that may be interested in purchasing properties.

Cost:  $15.00 for CHAPA members; $25.00 for non-members (includes continental breakfast).  Space is limited and you must register by Tuesday, January 19.  No refunds will be provided to those who register but do not attend the forum.

Registration:  You may register online, by phone, fax, or email.

Online:  www.chapa.org/calendar; Phone: 617-742-0820; Fax: 617-742-3953

Email: odessaw@chapa.org

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