Bill > H1318

This bill aims to stabilize rents in cities and towns facing housing market distress, with a focus on preventing senior homelessness. The key provisions are: 1) An exception to the requirement of "voluntary and uncoerced" rent increases, allowing for limited rent control for individuals over 60 years old who reside in rental properties sold to a new owner and are on a waitlist for or have applied for public housing. 2) An annual rent increase limit of the lesser of the Consumer Price Index change or 5% for these senior tenants, for a 5-year term. 3) Exclusions for owner-occupied buildings with two units or less, and units whose rents are already regulated by a public authority. 4) A requirement that cities and towns ensure the limited rent control measure applies to seniors with incomes at or below 80% of the Area Median Income. The overall goal is to maintain housing stability for senior residents in distressed housing markets.

Housing and Urban Affairs

https://malegislature.gov/Bills/193/H1318