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Bill > H1530


MA H1530

MA H1530
Relative to nonprofit receivership authorization


summary

Introduced
02/16/2023
In Committee
02/16/2023
Crossed Over
Passed
Dead
12/31/2024

Introduced Session

193rd General Court

Bill Summary

Relative to nonprofit receivership of vacant residential property. The Judiciary.

AI Summary

This bill amends Section 127I of Chapter 111 of the General Laws to allow for the sale of a vacant residential property under receivership to a nonprofit entity. The sale would be conditioned on the nonprofit correcting all outstanding state sanitary code violations and rehabilitating the property for affordable sale to a first-time homebuyer from a household with an income not exceeding 120% of the area median income, as determined by the U.S. Department of Housing and Urban Development (HUD). The bill also provides a 30-day period during which the property owner, mortgagee, or other interested party can file a motion to correct the code violations and stay the receiver's motion for sale.

Committee Categories

Justice

Sponsors (10)

Last Action

Accompanied a study order, see H4517 (on 06/05/2024)

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/193/H1530
BillText https://malegislature.gov/Bills/193/H1530.pdf
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