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The landmark bond bill that Gov. Maura Healey offered as a path through the housing affordability crisis will step into the legislative spotlight exactly three months after she filed it.

The state legislature’s Housing Committee plans to convene a public hearing Jan. 18 to solicit feedback on Healey’s bill, according to House Speaker Ron Mariano’s office. A committee official confirmed the plan and said the sweeping proposal will be the only item on the agenda.

Healey’s bill, which she filed Oct. 18, proposes about $4.1 billion of borrowing over five years to invest in public housing capital improvements, converting state land to plots ready for housing, and constructing much-needed new units.

It’s also packed to the gills with more than two dozen policy changes, including language that would allow any city, town or regional affordable housing commission to impose an additional fee on real estate sales above a certain threshold with only a vote of their local legislative body, not the state legislative approval currently required. Proceeds from the tax would be used to develop additional affordable housing.

Real estate industry leaders have opposed the transfer tax measure, with Greater Boston Real Estate Board CEO Greg Vasil arguing that it would “cause more harm than good,” while supporting most other changes in the legislation.

Housing prices continue to soar to record heights in Massachusetts, raising concerns about the state’s ability to prevent families and workers from leaving for lower-cost locations.

Healey Housing Bill Gets Hearing Date

by State House News Service time to read: 1 min
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