Establishes a real estate transfer fee in Boston to fund housing programs and revises senior property tax exemption criteria.

The bill establishes a real estate transfer fee in Boston, up to 2% of the purchase price, to fund housing programs aimed at acquisition, affordability, creation, preservation, and stability for seniors and low-income renters. The city can adjust the fee amount and exempted value every five years based on the median citywide sales price. The bill also revises the criteria for senior property tax exemptions, increasing the income limits and adjusting the asset restrictions. The city must issue an annual report detailing fee receipts and funded programs.

Establishes a real estate transfer fee in Boston to fund housing programs and revises senior property tax exemption criteria.

The bill establishes a real estate transfer fee in Boston, up to 2% of the purchase price, to fund housing programs aimed at acquisition, affordability, creation, preservation, and stability for seniors and low-income renters. The city can adjust the fee amount and exempted value every five years based on the median citywide sales price. The bill also revises the criteria for senior property tax exemptions, increasing the income limits and adjusting the asset restrictions. The city must issue an annual report detailing fee receipts and funded programs.