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Homeowner witness backs bill to allow sales of pre‑2010 Chapter 40B units at market value
Summary
A homeowner and Winchester resident testified in favor of H.1537, proposing changes to how Chapter 40B properties purchased before 2010 are sold so owners can capture market value while accounting for program benefits they previously received.
A homeowner and former municipal finance member described H.1537, an act relative to the sale of Chapter 40B properties purchased prior to 2010, and urged the committee to consider adjustments that would create "equity, choice and supply" for owners in long‑standing subsidized developments.
"At the time of the sale, that 40B homeowner would be required to pay all the differential cost that they saved on…
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