The Small Property Owners Association disputes the TOPA Coalition’s duplicitous defense of TOPA as a “good housing policy” in its June 19 column in Banker & Tradesman.
Misinformation has been spreading about what the Tenant Opportunity to Purchase Act would do. Here are the facts, and the many places it’s been refined with real estate industry feedback.
After Gov. Charlie Baker vetoed the state legislature’s previous attempt last year to guarantee apartment tenants the right to purchase the building they’re living in, senators and representatives are back with a revised bill they say addresses some industry concerns.
Massachusetts is again considering another eviction moratorium, much to the frustration of real estate industry groups. While the bill is well-intentioned and some aspects could fix key problems, it will send the wrong message to tenants and poison its own efforts to address a building crisis.
Real estate industry leaders and landlords lined up in opposition to a bill on Beacon Hill that would revive the state eviction moratorium, arguing that the hundreds of millions of dollars that remain available in rental aid prevent any need for the temporary ban.