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Mass. House Proposes $6.2B Housing Bill
Massachusetts lawmakers have introduced a revised $6.2 billion housing bond bill, $2 billion more than Gov. Maura Healey’s initial proposal. This state effort aims to boost housing development but excludes a proposed real estate transfer fee.
Key provisions include zoning changes for accessory dwelling units, potentially adding 8,000 units, and a $1 billion expansion of the Massachusetts Water Resource Authority to support 6,000 new homes. The bill also allocates $150 million for commercial-to-residential conversions and $2 billion for public housing repairs.
“We are thrilled to see the House’s version of the Bond Bill include provisions such as ADUs (Accessory Dwelling Unit) and remove harmful and ineffective policies like transfer taxes,” said GBREB (Greater Boston Real Estate Board) CEO Greg Vasil in a statement. “Massachusetts should focus on producing the hundreds of thousands of homes needed to meet demand, while keeping the state attractive to current and prospective businesses.”
- ◦Economy
- ◦Policy/Gov't
