There shall be a Municipal Affordable Housing Trust, the purpose of which shall be to provide for the preservation and creation of affordable housing in the Town of Wareham for the benefit of low- and moderate-income households. The Trust shall be governed by Trustees in accordance with Mass. General Laws Chapter 44, Section 55C and the authority granted by Town Meeting, as revised from time to time.
Pursuant to a vote at the Spring 2006 Wareham Annual Town Meeting (Article 23 of the April 24, 2006 Town Meeting; Approved by the Attorney General August 24, 2006) and pursuant to the provisions of Mass. General Laws Chapter 44, Section 55C, the Town of Wareham established the specific powers of the Municipal Affordable Housing Trust for the benefit of all of the inhabitants of the Town of Wareham in the manner and under the terms and conditions set forth herein.