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Bill

S 983

An Act to promote housing cooperatives

194th Legislature (2025-2026) Introduced by Jo Comerford and 1 co-sponsor

Massachusetts bill to expand housing cooperative ownership models as alternative to traditional homeownership to improve residential affordability and community stability.

Accompanied a new draft, see S2761
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Bill Summary · S 983

Legislative bill overview

S 983 aims to promote housing cooperatives in Massachusetts through legislative support and regulatory changes. The bill, sponsored by Jamie Eldridge and Jo Comerford, has been referred to the Housing Committee and is currently in the hearing phase, with a revised draft (S2761) accompanying recent action.

Why is this important

Housing cooperatives offer an alternative ownership model that can reduce housing costs for residents while building community stability. In Massachusetts' competitive housing market, expanding cooperative models could address affordability challenges and provide a different path to homeownership beyond traditional mortgages.

Potential points of contention

  • Financing and lending frameworks: Banks and traditional lenders may have concerns about underwriting standards for cooperative housing, which differs from conventional property ownership models
  • Regulatory clarity: Defining how cooperatives integrate with existing zoning, property tax, and mortgage regulations could create implementation complexity
  • Market impact concerns: Some real estate and development interests may worry about potential competition with traditional housing development and sales models

Compiled from official sources — confirm details with the bill’s official record.

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