Bill > H4892

This bill authorizes the Division of Capital Asset Management and Maintenance to convey a certain parcel of land located in the city of Newton to the city. The parcel, which is approximately 0.76 acres, can be conveyed to the city for nominal consideration solely for the purpose of providing affordable housing units that will be subject to permanent affordability restrictions. Alternatively, the commissioner can convey the parcel to the city for fair market value, but the use of the parcel will be restricted to general municipal purposes. The city will be responsible for all costs and expenses related to the conveyance. If the city does not complete the purchase by December 31, 2020 (or a later agreed-upon date), the commissioner can sell, lease, or otherwise convey the property to other purchasers or lessees.

House Committee on Ways and Means (H), Joint Committee on State Administration and Regulatory Oversight (J)

https://malegislature.gov/Bills/191/H4892