An Act relative to homeowner assets

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

An Act relative to homeowner assets

An Act relative to homeowner assets By Representative Sabadosa of Northampton, a petition (accompanied by bill, House, No.

What This Bill Does

• An Act relative to homeowner assets By Representative Sabadosa of Northampton, a petition (accompanied by bill, House, No.
• 1563) of Lindsay N.
• Sabadosa that the Housing Appeals Committee be authorized to develop an application to remove deed riders for property owners who purchased homes through the Homeowner Opportunity Program.
• Housing.

Limits and Unknowns

• This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Official Summary Text

An Act relative to homeowner assets
By Representative Sabadosa of Northampton, a petition (accompanied by bill, House, No. 1563) of Lindsay N. Sabadosa that the Housing Appeals Committee be authorized to develop an application to remove deed riders for property owners who purchased homes through the Homeowner Opportunity Program. Housing.

Current Bill Text

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Bill H.1563

Section 5A of Chapter 23B of the General Laws is hereby amended by adding the following:-

The housing appeals committee will develop an application for property owners who purchased homes through the Homeowner Opportunity Program thirty years or more before the date of issuance of said application to remove any deed rider attached to said property. The purpose of the application and committee decision will be to allow such homeowners to sell their homes at fair market value after negotiation with the housing appeals committee. The housing appeals committee must open the application process by June 1, 2026.

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