The bill amends Chapter 305 of the Acts of 2016 concerning the Year-Round Market Rate Rental Housing Trust Fund in Provincetown, Massachusetts. Key changes include the addition of "and year-round ownership opportunities" after the term "units" in Section 1, which expands the scope of the trust fund to include ownership options. Additionally, Section 2(a) is modified to include "and two alternates" after the word "trustees," thereby increasing the number of trustees involved in the fund's management.

Furthermore, Section 5 is updated to include "or ownership" after the word "rental," reinforcing the inclusion of ownership opportunities within the fund's objectives. The bill also rebrands the Year-Round Market Rate Rental Housing Trust Fund to the Year-Round Market Rate Housing Trust Fund, reflecting its broader focus. The proposed changes aim to enhance housing options in Provincetown and will take effect upon passage of the Act.