Bill
Bill > H2747
MA H2747
Granting a local option for a real estate transfer fee to fund affordable housing
summary
Introduced
02/16/2023
02/16/2023
In Committee
02/16/2023
02/16/2023
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
193rd General Court
Bill Summary
For legislation to support affordable housing with a local option for a fee to be applied to certain real estate transactions. Revenue.
AI Summary
This bill grants a local option for municipalities or regional affordable housing commissions in Massachusetts to impose a fee of between 0.5% and 2% on the transfer of real property interests, with the revenue to be used exclusively for the production, preservation, or adaptive reuse of affordable housing. The bill outlines the process for establishing and collecting the transfer fee, including required notifications, exemptions, and enforcement mechanisms. It also requires detailed accounting and reporting on the use of the transfer fee revenue.
Committee Categories
Budget and Finance
Sponsors (31)
Mike Connolly (D)*,
James Arena-Derosa (D),
Jenny Armini (D),
Shirley Arriaga (D),
Ruth Balser (D),
Christine Barber (D),
Michael Brady (D),
Pete Capano (D),
Simon Cataldo (D),
Michelle Ciccolo (D),
Jo Comerford (D),
Manny Cruz (D),
Jamie Eldridge (D),
Tricia Farley-Bouvier (D),
Dylan Fernandes (D),
Carmine Gentile (D),
Carlos González (D),
Natalie Higgins (D),
Russell Holmes (D),
Vanna Howard (D),
Pat Jehlen (D),
Mary Keefe (D),
David LeBoeuf (D),
Jason Lewis (D),
Adrian Madaro (D),
Sam Montaño (D),
Steve Owens (D),
Lindsay Sabadosa (D),
Dan Sena (D),
Tommy Vitolo (D),
Susannah Whipps (I),
Last Action
Accompanied a study order, see H5045 (on 09/12/2024)
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/193/H2747 |
| BillText | https://malegislature.gov/Bills/193/H2747.pdf |
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