At the Annual Town Meeting held on May 2, 2022 the Town of Stoneham created the "Stoneham Municipal Affordable Housing Trust" pursuant to the authority set forth in Massachusetts General Laws c. 44, § 55C. The purpose of the Trust shall be to provide for the preservation and creation of affordable housing in the Town of Stoneham for the benefit of low and moderate income households and for the funding of community housing, as defined in and in accordance with the provisions of chapter 44B.