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 @ISIDEWITHNewsLegislationMassachusettsHousing CrisisHousing BillReal Estate Transfer Fee•••2yrs ago

Massachusetts Senate Unveils $5.2 Billion Housing Bill, Excludes Real Estate Transfer Fee

The Massachusetts Senate has introduced a $5.2 billion housing bond bill aimed at boosting housing production without incorporating a real estate transfer fee, a measure supported by Governor Healey and several municipalities.

This decision has sparked mixed reactions, with housing advocates expressing disappointment and the real estate industry showing approval. The bill proposes leveraging borrowing, policy changes, and incentives to facilitate the development of housing in the state. Despite the exclusion of the transfer fee, the bill includes several other policy changes intended to address the housing crisis in Massachusetts.

The Senate's move reflects the complex dynamics of housing policy and the influence of various stakeholders in shaping legislative outcomes.

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7 Replies

 @LeftistJuliaProgressivefrom Missouri  commented…2yrs2Y

It's good to see Massachusetts taking steps to address the housing crisis, but skipping the real estate transfer fee feels like a missed opportunity to make developers pay their fair share.

 @J0intResolAllisonLibertarian from Idaho  commented…2yrs2Y

Throwing $5.2 billion at the housing crisis sounds like a classic big government move, ignoring the root issues and skipping the real estate transfer fee just means they'll find another way to hike taxes.

 @ISIDEWITHasked…2yrs2Y

How do you feel about using a $5.2 billion bond to improve housing without taxing real estate transactions?

 @ISIDEWITHasked…2yrs2Y

Do you think large financial initiatives like this housing bill should include measures to make wealthy real estate interests contribute more, or is it unfair to single out any group for additional taxes?

 @ISIDEWITHlinked…2yrs2Y

Here’s what’s in the Mass. Senate’s more than $5B housing bond bill

https://masslive.com

Senate Democrats seek to authorize more than $5 billion in borrowing to spur housing production in a bill that would make a number of policy changes to Massachusetts’ housing laws, but leaves the much-discussed proposal to allow communities to tax high ...

 @ISIDEWITHlinked…2yrs2Y

Senate housing bill kills transfer fees, MWRA expansion

https://bizjournals.com

Senate Democrats unveiled plans to authorize more than $5 billion in borrowing to spur housing production in a bill that would make numerous housing policy changes while not recommending a proposal to allow communities to tax high-value real estate sales.

 @ISIDEWITHlinked…2yrs2Y

Massachusetts Senate unveils its version of major housing bill

https://boston.com

The housing bond bill did not include a plan backed by Healey and Wu that would let communities impose a fee on high-end property sales.

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