MA S773

Bill

Supporting affordable housing with a local option for a fee to be applied to certain real estate transactions

Introduced
01/22/2019

In Committee
04/06/2020

Crossed Over

Passed

Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

For legislation to support affordable housing with a local option for a fee to be applied to certain real estate transactions. Housing.

AI Summary

This bill allows cities and towns in Massachusetts that have established an Affordable Housing Trust Fund to impose a fee of between 0.5% and 2% of the purchase price on certain real estate transactions. The fee would not apply to transfers to the government, certain charities, or other exemptions the city or town may establish, such as for seniors, low-income buyers, or transfers between family members. The fee revenue would be directed to the city or town's Affordable Housing Trust Fund to support affordable housing initiatives. The bill also requires the register of deeds to verify that the fee has been paid or the transaction is exempt before recording the deed.

Committee Categories

Housing and Urban Affairs

Sponsors (22)

Joseph Boncore (D), Will Brownsberger (D), Harriette Chandler (D), Sonia Chang-Díaz (D), Nick Collins (D), Jo Comerford (D), Mike Connolly (D), Julian Cyr (D), Sal DiDomenico (D), Jamie Eldridge (D), Nika Elugardo (D), Sean Garballey (D), Adam Hinds (D), Pat Jehlen (D), Mary Keefe (D), Ed Kennedy (D), Kay Khan (D), David LeBoeuf (D), Jack Lewis (D), Jason Lewis (D), Becca Rausch (D), Maria Robinson (D),

Last Action

Bill reported favorably by committee and referred to the committee on Senate Rules (on 04/06/2020)

Official Document

https://malegislature.gov/Bills/191/S773

(11 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/191/S773
Bill	https://malegislature.gov/Bills/191/S773.pdf

Bill	Bill Name	Last Action	Type
H1263	To promote affordable housing	Accompanied a study order, see H4975	Similar To
H1269	Relative to correctional facilities and affordable housing	Accompanied a study order, see H4974	Similar To
H1273	Creating a commission to study the definition of affordable housing	Accompanied a study order, see H4974	Similar To
H2457	Empowering cities and towns to impose a fee on home sales over one million dollars to support affordable housing	Accompanied a study order, see H5040	Similar To
H3696	Relative to certain affordable housing in the South End section of the city of Boston	Signed by the Governor, Chapter 55 of the Acts of 2020	Similar To
S2389	Relative to affordable housing in the town of Shrewsbury	Accompanied a study order, see S2528	Similar To
S2421	Further defining the purposes of the affordable housing trust in the city of Somerville	Read; and referred to the committee on House Steering, Policy and Scheduling	Similar To
S796	Relative to affordable housing	Accompanied a study order, see S2526	Similar To
S804	To update Chapter 40B to support the creation of affordable housing while strengthening local oversight	Accompanied a study order, see S2526	Similar To
S813	Relative to the oversight of affordable housing developments	Accompanied a study order, see S2526	Similar To
S814	Relative to expanding the eligibility of households for inclusion in a municipality’s affordable housing inventory	Accompanied a study order, see S2526	Similar To

Bill > S773

MA S773

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (22)

Last Action

Official Document

bill text

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