Massachusetts S999 allows courts to sell vacant receivership properties to nonprofits for affordable housing.

Massachusetts S999 amends state law to allow courts to sell vacant residential properties under receivership to nonprofit entities. The sale is contingent on the nonprofit's ability to correct sanitary code violations and rehabilitate the property for affordable sale to first-time homebuyers with incomes up to 120% of the median. The court must find that the nonprofit has the necessary expertise and resources. The sale must occur at fair market value in the property's current condition.

Massachusetts S999 allows courts to sell vacant receivership properties to nonprofits for affordable housing.

Massachusetts S999 amends state law to allow courts to sell vacant residential properties under receivership to nonprofit entities. The sale is contingent on the nonprofit's ability to correct sanitary code violations and rehabilitate the property for affordable sale to first-time homebuyers with incomes up to 120% of the median. The court must find that the nonprofit has the necessary expertise and resources. The sale must occur at fair market value in the property's current condition.