An Act relative to affordable housing and environmental adaptation dollars
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill proposes to increase the deeds excise, a tax on property transfers, to generate revenue for emergency assistance programs for low-income homeowners and tenants. Specifically, the additional revenue would be directed towards addressing urgent housing needs. The bill aims to provide financial support to vulnerable populations facing housing emergencies. It seeks to establish a dedicated funding stream for these critical assistance efforts.
Key provisions
- Increases the deeds excise rate.
- Directs revenue from the increased excise to emergency housing assistance.
- Focuses assistance on low-income tenants and homeowners.
- Addresses urgent housing needs and emergencies.
- Established through a petition and accompanying bill.
Who is affected
- Low-income homeowners
- Low-income tenants
- Housing assistance organizations
- Property owners
- The Commonwealth of Massachusetts
Notable changes
- Introduces a dedicated funding source for emergency housing assistance.
- Relies on increased property transfer taxes (deeds excise) to finance the program.
Bill text
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Sponsors
Official sponsors from legislative records.
22 on record
Primary sponsor
Samantha Montaño
Cosponsors
Christopher J. Worrell
Christopher Richard Flanagan
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