Bill
Bill > H3721
MA H3721
Relative to avoiding Senior homelessness and maintaining Senior housing-stabilization of rents
summary
Introduced
05/06/2021
05/06/2021
In Committee
05/06/2021
05/06/2021
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
Relative to the stabilization of rents in cities and towns facing distress in the housing market. Housing.
AI Summary
This bill aims to stabilize rents in cities and towns facing housing market distress, with a focus on maintaining housing for seniors. The key provisions are: (1) a limit on annual rent increases of no more than the annual change in the Consumer Price Index or 5%, whichever is less, for rental units occupied by individuals over 60 years old who are on a public housing waitlist, for a term of 5 years; (2) this rent cap applies to all private rental units except owner-occupied buildings with two or fewer units, or units already subject to rent regulation; (3) cities and towns can opt to adopt this rent stabilization measure, which can be renewed after a formal review; and (4) the rent-controlled units are only available to individuals with incomes at or below 80% of the Area Median Income.
Committee Categories
Housing and Urban Affairs
Sponsors (1)
Last Action
Accompanied a study order, see H5204 (on 09/01/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/192/H3721 |
| Bill | https://malegislature.gov/Bills/192/H3721.pdf |
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