An Act relative to the sale of chapter 40B properties purchased prior to the year 2010
H 1537 adjusts sale and resale rules for Chapter 40B affordable housing properties purchased before 2010 in Massachusetts.
H 1537 adjusts sale and resale rules for Chapter 40B affordable housing properties purchased before 2010 in Massachusetts.
H 1537 modifies Massachusetts Chapter 40B regulations governing the sale of affordable housing properties that were originally purchased before 2010. The bill appears to adjust requirements or restrictions on how municipalities or developers can handle these older affordable housing units when they enter the resale market.
Chapter 40B is Massachusetts's landmark affordable housing law that allows developers to override local zoning restrictions to build mixed-income projects. Properties purchased under this program decades ago are now aging, and their sale or conversion could significantly impact the affordable housing stock in communities across the state. How these early properties are treated sets precedent for thousands of units entering the resale market over the next decade.
Compiled from official sources — confirm details with the bill’s official record.
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