An Act relative to creating a permanent affordability homeownership program
Massachusetts bill establishes permanent affordability homeownership program using deed restrictions to maintain below-market home prices across future sales.
Massachusetts bill establishes permanent affordability homeownership program using deed restrictions to maintain below-market home prices across future sales.
SD 988 establishes a permanent affordability homeownership program in Massachusetts designed to preserve long-term affordable housing by requiring or incentivizing deed restrictions that maintain affordability across property transfers. The bill aims to create a sustainable mechanism for homeownership accessibility rather than relying on temporary subsidies or one-time assistance programs.
Massachusetts faces severe housing affordability challenges, with median home prices far exceeding what middle and lower-income households can afford. A permanent affordability program could expand homeownership opportunities for working families while preserving public investment in housing over decades through successive owners, addressing both immediate access and long-term equity building for disadvantaged communities.
Compiled from official sources — confirm details with the bill’s official record.
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