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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.”