Senate Bill 724 aims to protect generational homes in Baltimore from tax sales

Families in Baltimore City may soon find relief from the threat of losing their homes due to unpaid taxes, thanks to the proposed Senate Bill 724. This legislation aims to protect heirs from displacement by preventing the tax sale of air-occupied properties that meet specific criteria. The bill also calls for the establishment of a citywide registry, allowing families to designate properties for protection, with support from the state department of assessments and taxation.

During a recent Budget and Taxation Committee session, advocates highlighted the bill's potential to stabilize communities and preserve intergenerational wealth. Jacques Thompson, an intern for Senator Cory B. McCray, emphasized the importance of safeguarding generational homes from unnecessary foreclosures. "This legislation prevents the forced removal of families from their homes," he stated, urging committee members to support the bill.

Nicole Hart from the Department of Housing and Community Development underscored the issue of tangled titles, which disproportionately affects Black residents in Baltimore. She explained that unclear ownership prevents families from accessing vital resources, such as homeowners insurance and local assistance programs. "Home ownership is one of the most powerful tools for building and transferring wealth, but tangled titles hinder this process," Hart noted.

The committee received additional support from various community leaders, including Nika Nambi, executive director of the SOS Fund, who advocated for amendments to strengthen the bill. As discussions continue, the focus remains on ensuring that families can maintain their homes and build wealth for future generations. The anticipated outcomes of Senate Bill 724 could reshape the landscape of homeownership and community stability in Baltimore City.