Addressing the Massachusetts Housing Crisis: Advocating Against Transfer Fees

Amidst the ongoing housing crisis in Massachusetts, the Greater Boston Real Estate Board is leading the charge against proposed transfer fees on high-value real estate transactions. These fees, championed by Governor Maura Healey, have the potential to significantly impact property sales exceeding $1 million, diverting funds towards affordable housing initiatives.

Campaigning for Change

The Board has launched a comprehensive campaign, blending digital strategies with grassroots efforts, to dissuade lawmakers from enacting these fees. Residents are encouraged to voice their opposition through the campaign website StopNewTaxesMa.com. This platform facilitates direct communication with legislators via text messages and patch-through calls, supplemented by online and Facebook advertisements to raise awareness among the community.

Urging Actionable Solutions

In response to the proposed fees, the Greater Boston Real Estate Board underscores the necessity for actionable housing solutions. CEO Greg Vasil emphasizes the irrationality of escalating housing costs amidst an affordability crisis, urging a clear message to lawmakers.

While acknowledging the efforts of municipalities advocating for local-option transfer fees, the campaign emphasizes that such fees alone cannot resolve the housing crisis.

Instead, a multifaceted approach is advocated, focusing on streamlining regulations for Accessory Dwelling Units, leveraging unused state-owned land for housing development, and ensuring compliance with affordable housing spending thresholds across all cities and towns.

Warning Against Consequences

The campaign highlights the potential ramifications of imposing additional taxes on home and real estate purchases, particularly on renters, prospective homeowners, and retirees. It underscores the imperative for governmental action to address longstanding housing challenges.

Empowering Change

By amplifying the voices of concerned residents and advocating for pragmatic housing policies, the Greater Boston Real Estate Board aims to steer legislative attention towards sustainable solutions that alleviate the housing crisis.

Together, we can work towards a future where housing is accessible and affordable for all residents of Massachusetts.