Page 7 - Greg Vasil News Today

The inability of many prospective homeowners to find a property they can afford has forced them to remain renters, which predictably has jacked up the price of those leases, especially in the Greater Boston area.

While Beacon Hill searches for solutions to the serious housing shortage that fuels affordability concerns in Massachusetts, a real estate industry organization wants to see the Community Preservation Act program retrofitted to put a greater emphasis on housing production.

Real estate group calls for envisions retooling the Community Preservation Act to help fight the housing crisis.

( June 8, 2023 ) After years of unsuccessful attempts to give cities and towns the option to tax home sales to support local affordable housing, advocates this legislative session are putting forward …

A new study has found that — especially in the suburbs — Community Preservation Act funds often go toward open space, not housing.

Advocates say the new bill's language gives cities and towns flexibility to do things like create exemptions for first-time homebuyers or impose the fee at a lower threshold in areas where the county median home sales price is lower than the state's.

A new report is taking a look at whether the Community Preservation Act could help address affordable housing. The report from Center for State Policy Analysis at Tufts University in conjunction with the Greater Boston Real Estate Board found that one third of communities aren't meeting spending requirements on housing.

BOSTON — While Beacon Hill searches for solutions to the serious housing shortage that fuels affordability concerns in Massachusetts, a real estate industry organization wants to see the Community Preservation Act program retrofitted to put a greater...

“What it really says is, can our communities, can our cities, retain just a fraction of the wealth that is being created in this real estate boom,” Rep. Mike Connolly said.

Mayor Michelle Wu is hammering away at her campaign agenda, focused on “racial, economic and climate justice.”