Bill > S768

This bill creates a special commission tasked with developing a comprehensive framework to address insurance rate-setting for properties with affordability restrictions and properties where tenants use housing vouchers. The 10-member commission will include representatives from various state agencies and stakeholder organizations, such as the Commissioner of Insurance (who will chair the commission), the Secretary of Housing and Livable Communities, the Attorney General, a state representative, a state senator, and representatives from organizations like the Citizens' Housing And Planning Association, Massachusetts Association of Community Development Corporations, Builders of Color Coalition, National Association of Industrial and Office Properties Massachusetts, and an insurance trade association. The commission is required to submit its findings and proposed legislation to several legislative committees by December 31, 2026, with the goal of developing strategies to ensure fair and accessible insurance rates for affordable housing properties and those utilizing rental assistance programs.

Budget and Finance, Business and Industry

https://malegislature.gov/Bills/194/S768