Establishes a reimbursement program for common expenses of 40B affordable condominium units in Massachusetts.
The bill proposes an expense reimbursement program for purchasers of affordable condominium units under chapter 40B. The Executive Office of Housing and Livable Communities will develop this program to cover common expenses as stated in the master deed. This change ensures that unit owners in a condominium complex are not required to subsidize the common expenses of any 40B affordable unit.
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.