MA H3056

Cities and towns with municipal affordable housing trust funds may impose a 0.5% to 2% transfer fee on real estate sales, with revenue deposited into local affordable housing funds for acquisition, construction, rehabilitation, and preservation of housing for low- and moderate-income households

Transfers below $1,000,000 or 100% of the county median single-family home price (whichever is lower) are exempt, along with gifts under $100, government transfers, family transfers, foreclosures, and divorce-related divisions

MBTA communities must be in compliance with Section 3A of Chapter 40A (multi-family zoning requirements) before implementing the transfer fee

Municipalities may establish different fee rates by property tax classification and purchase price, and may designate whether the buyer, seller, or both pay the fee

Regional affordable housing commissions may adopt transfer fees for member communities, with annual reporting to the Executive Office of Housing and Livable Communities required