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With growing concerns high housing costs could drive people away, Massachusetts leaders and developers weigh the best path to make the region more affordable….

Sourced through Scoop.it from: www.bisnow.com

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Last week, the Boston City Council voted 10-3 in favor of a home rule petition to the Massachusetts legislature to levy a real estate transfer tax on high-end sales.A few days later, on December 16th 2019, Boston Mayor Martin Walsh signed the petition in a signing ceremony in Chinatown with housing…

Sourced through Scoop.it from: www.counterpunch.org

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A 2% tax on real estate transactions more than $2M is looking more likely in Boston….

Sourced through Scoop.it from: www.bisnow.com

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City council will vote on legislation to authorize a 2% real estate transfer fee on sales over $2 million on Wednesday to fund affordable housing.

Sourced through Scoop.it from: caughtinsouthie.com

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The City Council on Wednesday will consider a measure to allow a tax of up to 2 percent on real estate transactions of $2 million or more.

Sourced through Scoop.it from: www.bostonglobe.com

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The tax could raise millions of dollars a year for affordable housing, but many questions remain about the trickle-down effects, and time is running short before the City Council breaks for the year….

Sourced through Scoop.it from: www.bostonglobe.com

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