Massachusetts H3040 establishes a program for financing qualifying improvements to residential properties.
Massachusetts H3040 creates a framework for municipalities to finance qualifying improvements on residential properties. Municipalities can participate by a majority vote and establish programs to fund improvements like energy efficiency, flood mitigation, and water conservation. Contractors must be licensed and registered, and must comply with all laws and regulations. The program includes requirements for disclosures, assessments, and liens. Property owners can cancel agreements within three days without penalty.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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