Bill > H1497

This bill proposes amendments to existing housing laws to protect seniors from housing instability and rent increases. Specifically, the bill introduces rent control measures for seniors over 60 years old who reside in rental properties that have been sold to new owners. Under this legislation, annual rent increases would be limited to either the annual change in the Consumer Price Index (CPI) for the local area or 5 percent, whichever is lower, and this limitation would remain in effect for 5 years. The rent control provisions would apply to private housing units, with exceptions for owner-occupied buildings with two or fewer units and properties already regulated by public authorities. To qualify for these protections, senior tenants must either be on a waitlist for public housing or meet income requirements, specifically having an income at or below 80 percent of the Area Median Income (AMI). The bill aims to help prevent senior homelessness by providing a mechanism to stabilize rental costs for older residents in cities and towns experiencing housing market distress.

Housing and Urban Affairs

https://malegislature.gov/Bills/194/H1497