Bill H.667, introduced by Representatives Tomlinson and Krasnow, aims to enhance public access to information regarding collective homeownership through the Department of Housing and Community Development. The bill amends current law to require the Department to provide resources that include materials and guides on organization, governance, and conflict resolution for collective homeownership models. Additionally, it mandates the creation of standard template articles of incorporation for establishing cooperative housing corporations and template agreements for tenants-in-common homeownership arrangements. These resources are to be made available online in a user-friendly format and at no cost to the public.

The bill also specifies that it will take effect on July 1, 2026. This initiative reflects a commitment to support innovative housing solutions and promote cooperative living arrangements within the state.

Statutes affected:
As Introduced: 3-2472