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Cape Cod committee forwards draft local-option transfer-fee framework to full assembly
Summary
The Cape Cod Regional Government Assembly of Delegates Standing Committee on Economic Affairs voted unanimously to present a draft framework to the full assembly recommending a local-option real-estate transfer fee to fund affordable and year‑round housing in October 2025.
The Cape Cod Regional Government Assembly of Delegates Standing Committee on Economic Affairs voted unanimously to present a draft framework to the full assembly recommending a local-option real-estate transfer fee to fund affordable and year‑round housing in October 2025.
The recommendation centers on local control: towns would decide whether to adopt a fee and how to use revenues so long as funds go to housing-related purposes. "The money is collected by the registry of deeds. That money will go directly to the towns," Chair Harter said during the committee discussion.
Why it matters: delegates said a transfer fee could provide a steady, local source of funding for housing needs that cross municipal boundaries and that some projects are difficult for towns to run alone. The draft aims to return the substantial majority of revenue to the town where the sale occurs while allowing a limited county role for administration and regional initiatives.
Key points from the framework and committee discussion
- Collection and distribution: The draft recommends the Registry of Deeds collect the fee and…
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