H 3056
An Act enabling a local option for a real estate transfer fee to fund affordable housing
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- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill proposes allowing cities and towns in Massachusetts to implement a fee on real estate transfers. The revenue generated from this transfer fee would be dedicated specifically to funding affordable housing projects. Local governments would have the option to decide whether or not to adopt this fee and, if so, what the rate would be. This aims to provide a new source of funding for addressing the state’s affordable housing shortage.
Sponsors
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Primary sponsor
Cosponsors
Amy Mah Sangiolo
Carmine Lawrence Gentile
Christine P. Barber
Christopher J. Worrell
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