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Bill > H3017
MA H3017
To preserve affordable housing through a local option tenant's right to purchase
summary
Introduced
01/23/2017
01/23/2017
In Committee
01/23/2017
01/23/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
For legislation to authorize municipalities to grant tenants of residential buildings with three or more units the right of first refusal to purchase such buildings at fair market value. Housing.
AI Summary
This bill would authorize municipalities in Massachusetts to grant tenants of residential buildings with three or more units the right of first refusal to purchase their building at fair market value. The bill aims to preserve affordable housing and prevent tenant displacement by allowing tenants or their designated non-profit organizations to exercise this right to purchase the property and maintain it as limited-equity affordable housing. The bill outlines the process for tenants to exercise this right, including providing notice to tenants, making a deposit, and securing financing within a specified timeframe. The bill also authorizes municipalities to establish a housing trust fund to support purchases under this legislation.
Committee Categories
Housing and Urban Affairs
Sponsors (11)
Christine Barber (D),
Will Brownsberger (D),
Mike Connolly (D),
Marjorie Decker (D),
Jamie Eldridge (D),
Paul Heroux (D),
Pat Jehlen (D),
Denise Provost (D),
Dave Rogers (D),
José Tosado (D),
Chris Walsh (D),
Last Action
Accompanied a study order, see H4744 (on 07/12/2018)
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/190/H3017 |
| Bill | https://malegislature.gov/Bills/190/H3017.pdf |
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