What can a local housing trust do and how is it funded?

A local housing trust allows municipalities to collect funds for affordable housing, separate them from the general fund into a trust fund, and designate and use the funds for local initiatives to create and preserve affordable housing. The sources vary among housing trusts. Under MGL c.44 s.55C sources of funding for trusts include: Community Preservation Act (CPA) funds, inclusionary zoning payments, negotiated developer fees, the Town's general fund, grants, gifts, and private donations. However, any funding from the Town's general fund or from the CPA would require Town Meeting action.

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1. Why is the creation of a local housing trust a benefit to the community?
2. What can a local housing trust do and how is it funded?
3. What are some examples of what a local affordable housing trust fund can do?