MA H1377

Bill

Empowering cities and towns to support affordable housing with a fee on certain real estate transactions

Introduced
03/29/2021

In Committee
06/21/2022

Crossed Over

Passed

Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

For legislation to authorize cities and towns to impose a fee up to 2 per cent of the purchase price upon the transfer of certain real property. Housing.

AI Summary

This bill authorizes cities and towns in Massachusetts to impose a fee of up to 2% on the purchase price of certain real estate transactions, with a higher fee of up to 6% for "speculative sales" (properties sold for more than 3 times the state median sale price within 1 year of purchase). The fee can be levied on the buyer, the seller, or allocated between the two, and the revenue must be deposited into the city or town's Affordable Housing Trust Fund or Community Preservation Fund to be used for affordable housing purposes. The bill outlines various exemptions, such as for transfers under the state median sale price, gifts, government transfers, and properties with affordable housing restrictions. Cities and towns can adopt additional exemptions and are authorized to issue rules and procedures to implement the transfer fee.

Committee Categories

Budget and Finance, Housing and Urban Affairs

Sponsors (35)

Mike Connolly (D)*, Ruth Balser (D), Christine Barber (D), Jamie Belsito (D), Sonia Chang-Díaz (D), Jo Comerford (D), Marcos Devers (D), Pat Duffy (D), Jamie Eldridge (D), Nika Elugardo (D), Dylan Fernandes (D), Sean Garballey (D), Carmine Gentile (D), Tami Gouveia (D), Chris Hendricks (D), Natalie Higgins (D), Kevin Honan (D), Vanna Howard (D), Pat Jehlen (D), Mary Keefe (D), Kay Khan (D), David LeBoeuf (D), Jack Lewis (D), Jason Lewis (D), Elizabeth Malia (D), Liz Miranda (D), Steve Owens (D), Maria Robinson (D), Dave Rogers (D), Lindsay Sabadosa (D), Dan Sena (D), Erika Uyterhoeven (D), Tommy Vitolo (D), Susannah Whipps (I), Bud Williams (D),

Last Action

Accompanied a study order, see H5351 (on 10/13/2022)

Official Document

https://malegislature.gov/Bills/192/H1377

(17 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/192/H1377
Bill	https://malegislature.gov/Bills/192/H1377.pdf

Bill	Bill Name	Last Action	Type
H2013	Relative to relief for the Municipal Affordable Housing Trust Fund	Accompanied a study order, see H5023	Similar To
H2170	Relative to the sale of foreclosed residential property to certain cities and towns	Accompanied a study order, see H4933	Similar To
H2867	To properly value real estate transactions	Accompanied a study order, see H5043	Similar To
H3640	Providing for timely reimbursement of cities and towns for veterans’ benefits	No further action taken	Similar To
H3722	Relative to the design, development, construction and operation of a senior low-income and affordable housing project located at 144 Greenmont Avenue in the town of Dracut	Signed by the Governor, Chapter 73 of the Acts of 2022	Similar To
H3809	Further regulating certain affordable housing in Ipswich, Massachusetts	Signed by the Governor, Chapter 97 of the Acts of 2021	Similar To
H4083	Relative to bidding requirements for a certain affordable housing project in the town of Brookline	Signed by the Governor, Chapter 4 of the Acts of 2022	Similar To
H431	Returning liquor license control to municipalities	Accompanied a study order, see H4880	Similar To
H432	Returning liquor license control to municipalities	Accompanied a study order, see H4880	Similar To
H5137	Relative to assessor certificates	Read; and referred to the committee on Senate Rules	Similar To
H5351	Study Order	No further action taken	Replaced by
S151	Establishing the Office of Massachusetts Main Streets	Accompanied a study order, see S2709	Similar To
S1853	Providing for climate change adaptation infrastructure and affordable housing investments in the Commonwealth	Accompanied a study order, see H5351	Similar To
S273	Relative to promoting local economic development	Bill reported favorably by committee and referred to the committee on Senate Ways and Means	Similar To
S868	Empowering cities and towns to impose a fee on certain real estate transactions to support affordable housing	Accompanied a study order, see H5351	Similar To
S882	Relative to affordable housing	Accompanied a study order, see H5276	Similar To
S895	To update Chapter 40B to support the creation of affordable housing while strengthening local oversight	Accompanied a study order, see H5276	Similar To

Bill > H1377

MA H1377

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (35)

Last Action

Official Document

bill text

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