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MA H1489
Bill
Status
Introduced
2/27/2025
Primary Sponsor
David DeCoste
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AI Summary
- Executive Office of Housing and Livable Communities would establish "tenant's escrow accounts" allowing renters to voluntarily contribute a portion of their rent toward a future home down payment
- Landlord contributions to tenant escrow accounts would be matched dollar-for-dollar by the Commonwealth of Massachusetts
- Landlords could deduct three times the amount of their contribution from their annual state taxable income
- A new Tenant's Escrow Fund would be created on the Commonwealth's books, exempt from section 5C of chapter 29 of the General Laws
- Landlords may choose to restrict contributions for a specific tenant's use or make general contributions available to tenants meeting eligibility requirements set by the executive office
Legislative Description
Creating the tenant’s escrow accounts
Last Action
Hearing scheduled for 11/19/2025 from 11:00 AM-05:00 PM in Gardner Auditorium
11/7/2025
Committee Referrals
Housing2/27/2025
Full Bill Text
No bill text available