SENATE DOCKET, NO. 876        FILED ON: 1/15/2025

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No.         

The Commonwealth of Massachusetts

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PRESENTED BY:

John F. Keenan

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To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:

The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying resolve:

Resolve creating a special commission on affordable housing insurance.

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PETITION OF:

SENATE DOCKET, NO. 876        FILED ON: 1/15/2025

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No.         

The Commonwealth of Massachusetts

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In the One Hundred and Ninety-Fourth General Court
(2025-2026)

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Resolve creating a special commission on affordable housing insurance.

Resolved, that there shall be a special commission established to develop a statutory and regulatory framework to address the setting of rates by insurance companies for properties with affordability restrictions and properties where tenants use vouchers to pay part or all of their rent. The commission shall report its findings, including any proposed legislation, to the house and senate committees on ways and means, the joint committee on financial services and the joint committee on housing no later than December 31, 2026.

The commission shall consist of 10 members including: 1 member of the house of representatives, without a designating party; 1 member of the senate, without a designating party; the commissioner of insurance, or a designee, who will act as chair; the secretary of the executive office of housing and livable communities, or a designee; the attorney general, or a designee; 1 of whom shall be a representative from the Citizens' Housing And Planning Association; 1 of whom shall be a representative from the Massachusetts Association of Community Development Corporations; 1 of whom shall be a representative from the Builders of Color Coalition; 1 of whom shall be a representative from the National Association of Industrial and Office Properties Massachusetts; and 1 of whom shall be represent an insurance trade association.