Establishes a five-year pilot program for municipalities to offer tenants the opportunity to purchase their rental units.
The bill creates a Tenant Opportunity to Purchase Pilot Program in Massachusetts. Municipalities can participate in this five-year program, which aims to help tenants buy their rental units. The program will be regulated by the executive office of housing and livable communities, which will set eligibility criteria by zip code. Criteria include high rates of rental units, displacement, and poverty. The program will conclude with a report on its effectiveness and recommendations for a permanent program.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.