S1999
An Act ending large investor control of homes in Massachusetts
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- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill, S.1999, aims to limit the influence of large investors in the Massachusetts housing market. It seeks to address concerns about the increasing number of homes being purchased by investment firms, potentially driving up prices and reducing the availability of housing for residents. The bill proposes establishing a down payment trust fund to support first-time homebuyers and restrict the types of properties large investors can acquire. It’s intended to promote more stable and affordable housing options within the state.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Paul R. Feeney
Cosponsors
Patricia D. Jehlen
Paul R. Feeney
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