Bill > H3910

This bill authorizes the city of Somerville to establish a right to purchase program that gives tenants and certain entities the first opportunity to buy residential properties when they are being sold. The legislation creates a comprehensive framework for how this process will work, including detailed definitions and procedures. Under the proposed law, when a property owner receives a bona fide offer to purchase their residential property, they must notify all tenants and the city within two business days, providing them with the opportunity to match the offer. Tenants living in properties with up to six units can file a "Statement of Interest" within 15 business days, while properties with seven or more units allow 30 days for tenant associations to respond. The bill includes specific negotiation timelines, with tenants and tenant associations having 10 business days to negotiate a purchase agreement, and the city having 20 business days if tenants decline. The legislation includes several exemptions, such as owner-occupied properties, sales to family members, and certain types of specialized housing like student housing or healthcare facilities. Additionally, the bill includes tenant protection provisions that prevent owners from evicting tenants to circumvent the right to purchase process. The overall goal is to preserve affordable housing, provide tenant stability, and maintain the welfare of Somerville residents by giving them a meaningful opportunity to purchase their homes when they are put up for sale.

Housing and Urban Affairs

https://malegislature.gov/Bills/194/H3910