North Adams Establishes Affordable Housing Trust
The North Adams City Council has unanimously voted to create an affordable housing trust, effective January 1, 2026.
The trust will provide funding for housing for low- to moderate-income residents, with Councilor Andrew Fitch suggesting that at least $150,000 is needed to launch a meaningful program.
What is an Affordable Housing Trust?
An affordable housing trust is a local fund managed by a city or town, dedicated to building or maintaining housing for low- to moderate-income residents.
- It can be funded using existing city or town money from fees or grants.
- Alternatively, funding can come from a local tax.
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Author's summary: North Adams creates affordable housing trust.
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