An Act ending large investor control of homes in Massachusetts
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill aims to limit the influence of large investors in the Massachusetts housing market. It proposes establishing a down payment trust fund to support first-time homebuyers and potentially restricts the ability of large investors to purchase homes in the state. The goal is to increase homeownership opportunities for Massachusetts residents and address concerns about housing affordability.
Key provisions
- Creates a down payment trust fund.
- Limits the control of large investors in home purchases.
- Aims to increase homeownership opportunities.
- Focuses on addressing housing affordability concerns.
- Referral to the Senate Committee on Revenue
Who is affected
- Homebuyers in Massachusetts
- Real estate investors
- Massachusetts residents
- The housing market in Massachusetts
Notable changes
- Potentially restricts large-scale investment in residential properties.
- Creates a dedicated fund to assist first-time homebuyers.
Bill text
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Text extraction is in progress. View the official source.
Sponsors
Official sponsors from legislative records.
3 on record
Primary sponsor
Cosponsors
Patricia D. Jehlen
Arguments
Reasons offered for and against this legislation.
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