MA H1537

Owners of Chapter 40B affordable housing properties purchased before 2010 would gain the right to sell at fair market value, removing the property's affordable housing status upon sale

Municipalities where pre-2010 Chapter 40B properties are sold must replace lost affordable units by including a proportional number of Chapter 40B units in their next residential development project

Former 40B residents who received reduced HOA fees must pay the cumulative difference between their reduced rate and the standard rate upon selling the property

Sales would remain subject to existing property transaction laws under Chapters 40B, 40T, 62, 183A, and 254

Executive Office of Housing and Livable Communities assigned responsibility for implementation