An Act enabling a local option for a real estate transfer fee to fund affordable housing
By Ms. Comerford, a petition (accompanied by bill, Senate, No. 1937) of Joanne M. Comerford, Adam Gomez, James B. Eldridge, Jason M. Lewis and other members of the General Court for legislation to grant a local option for a real estate transfer fee to fund affordable housing. Revenue.
This bill gives cities and towns the option to levy a local fee on the transfer of luxury real estate, with the money generated from the fee going into that municipality’s affordable housing trust fund.
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