Prospects Shaky for Cape, Berkshires Real Estate Transfer Fee
Representatives of “seasonal communities” on Cape Cod, the Islands and the Berkshires face steep hurdles to get financing they say is needed for new workforce housing.
Representatives of “seasonal communities” on Cape Cod, the Islands and the Berkshires face steep hurdles to get financing they say is needed for new workforce housing.
The latest proposal to let municipalities establish new, local-option sales taxes on real estate sales continues to be a bad idea. State legislators should strip the measure from Gov. Maura Healey’s housing bill until its problems can be remedied.
It likely feels like “Groundhog Day” for the coalition seeking a transfer tax on higher-end sales after running into a brick wall in the House of Representatives.
Million-dollar home sales just aren’t what they used to be in Greater Boston. And that’s a major problem for Gov. Maura Healey as she forges ahead with her proposal for a local-option tax on expensive home sales.
Boston Mayor Michelle Wu announced plans to increase requirements for affordable housing in new developments from 13 to 20 percent of units, raise linkage fees on major real estate projects, and seek Beacon Hill’s approval for a transfer fee on real estate transactions above $2 million.