Senate’s Affordable Homes Act sets course for thousands of new units, sweeping renovations of public and affordable housing, and protections for residents
(BOSTON—06/27/2024) The Massachusetts Senate took action today to address the state’s housing crisis. S.2834, An Act relative to affordable homes—also known as the Affordable Homes Act—authorizes $5.4 billion in borrowing and makes crucial policy changes with the goal of building new housing, accelerating the rehabilitation of existing housing, reducing barriers to development, and promoting affordable housing.
Following robust debate, the Senate passed the legislation unanimously.
“During my tenure in the Senate I have been focused on the health and well-being of our residents — and affordable, safe, and accessible housing is directly linked to that effort,” said Senator Cindy F. Friedman (D-Arlington), Vice Chair of the Senate Committee on Ways and Means. “Housing is interconnected to every other issue that comes before the Legislature, whether it be the stability of our schoolchildren, supporting a sustainable workforce, and ensuring that our state economy thrives. This bill couples dollars with policy reforms to actively respond to the housing crisis we are facing and will impact the Commonwealth for generations to come.”
Senator Friedman was particularly proud that an amendment she filed was adopted, which commissions a study by the Attorney General, in consultation with the Executive Office of Housing and Livable Communities, into the practice of corporate landlords colluding to fix high rent prices through the use of algorithmic software. A 2022 investigation by ProPublica found that a real estate tech company used both public and private data in an algorithm that generates rental rate recommendations for landlords.… Read more.
