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Cape Cod legislators press for luxury real estate transfer fee as a locally controlled housing revenue tool
Summary
State legislators and county delegates discussed a proposal for a local-option luxury real estate transfer fee to fund affordable housing, with lawmakers urging a unified regional voice while acknowledging the policy and distribution questions that remain.
State and local lawmakers urged the Barnstable County Assembly of Delegates on Wednesday to support a local-option luxury real estate transfer fee as a dedicated revenue source for affordable housing on Cape Cod and the islands.
The discussion — led by State Representative Thomas Mokely and state senators Julian Cyr and Dylan Fernandez and joined by Representative Hadley Luddy — centered on giving towns and the county a means to raise and keep money locally to preserve and create year-round, deed-restricted housing for local workers, teachers and first responders.
The fee is proposed as a local option, not a statewide mandate, and would apply to high-value property transfers; the exact threshold and percentage would be set by each municipality or by a regional framework if the county pursues a home rule petition. "I filed…
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