Landslide majorities in all six towns have approved “An Act Establishing The MV Housing Bank”.

What’s next?

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Select Board in participating towns appoint one member to the Housing Bank Review Committee (HBRC).
Select Board in participating towns appoint one member to the Housing Bank Review Committee (HBRC).
CCMVHB + district legislative offices are available to the HBRC to help to establish a process to implement amendments, and draft recommendations for the legislature.
CCMVHB + district legislative offices are available to the HBRC to help to establish a process to implement amendments, and draft recommendations for the legislature.
HBRC reviews “An Act Establishing the Martha’s Vineyard Housing Bank” to consider possible amendments:
HBRC reviews “An Act Establishing the Martha’s Vineyard Housing Bank” to consider possible amendments:

a) Amendments that do not violate or infringe upon the details in the warrant article may be incorporated into the act by a majority vote of the HBRC;

b) Any other amendments may be incorporated only after approval by at least four of the participating towns’ Select Boards, acting by majority vote.

HBRC sends final language to our legislators (Rep. Dylan Fernandes and Sen. Julian Cyr)
HBRC sends final language to our legislators (Rep. Dylan Fernandes and Sen. Julian Cyr)
Sen. Cyr and Rep. Fernandes submit the Act in both the MA Senate and MA House of Representatives
Sen. Cyr and Rep. Fernandes submit the Act in both the MA Senate and MA House of Representatives
The Act Establishing the MV Housing Bank bill is assigned to legislative committees
The Act Establishing the MV Housing Bank bill is assigned to legislative committees
The legislative process proceeds:
The legislative process proceeds:

a) Clerical and editorial changes to the Act may be made by the legislature;

b) All other changes by the legislature must be approved by at least four of the participating towns’ Select Boards, acting by majority vote;

c) Legislature passes the Act;

d) Governor signs the Act into law.

Island towns vote to adopt at the next Annual or Special Election. Passage by at least four towns is required. Once adopted, the Martha’s Vineyard Housing Bank exists in law.
Island towns vote to adopt at the next Annual or Special Election. Passage by at least four towns is required. Once adopted, the Martha’s Vineyard Housing Bank exists in law.
Each member town:
Each member town:

a) Appoints an Initial Commissioner;

b) Adds a Housing Bank Commissioner to the next Annual or Special election, to be elected for terms as described in the Act;

c) Creates their Town Advisory Board (TAB), appointed by the existing bodies as described in the Act;

d) Determines the lengths and staggering of terms for all Commissioners to be elected

The Dukes County Commission appoints the at-large Initial HB Commissioner.
The Dukes County Commission appoints the at-large Initial HB Commissioner.
Upon appointment of Initial Commissioners, they will execute an intergovernmental agreement with the MV Land Bank to begin collection of fees (to be held until Housing Bank is fully operational).
Upon appointment of Initial Commissioners, they will execute an intergovernmental agreement with the MV Land Bank to begin collection of fees (to be held until Housing Bank is fully operational).
Upon election of Commissioners, they will create Housing Bank policies, rules and regulations in consultation with the TABs.
Upon election of Commissioners, they will create Housing Bank policies, rules and regulations in consultation with the TABs.