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Witnesses urge 40B reforms and propose resale rules for older Chapter 40B condominium owners
Summary
Public testimony urged measured reform of Chapter 40B and proposed mechanisms to allow homeowners who purchased under 40B before 2010 to sell at market value while addressing equity and community recapture of subsidized units.
Speakers at the hearing raised concerns with Chapter 40B and proposed targeted changes to address perceived inequities for owners who purchased under Chapter 40B before 2010.
Vincent Lawrence Dixon, a former municipal finance committee member, testified in support of S 1005, saying reforms should respect Chapter 40B’s intent while strengthening conservation and…
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