S 1937
An Act enabling a local option for a real estate transfer fee to fund affordable housing
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- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill would allow Massachusetts cities and towns to implement a fee on real estate transfers. The revenue generated from this transfer fee would be dedicated to funding affordable housing initiatives within that local community. It creates a ‘local option,’ meaning each municipality would need to vote to decide whether or not to adopt this fee. This bill is similar to previous legislation aimed at increasing funding for affordable housing.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Joanne M. Comerford
Cosponsors
Carmine Lawrence Gentile
Cindy F. Friedman
James B. Eldridge
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