Cambridge Day | Real estate transfer, path to faster homebuilding and housing voucher ideas get council approval

Mar 7, 2024

Support for a real estate transfer tax that would pay for affordable housing, vouchers to bridge the high cost of Cambridge rents and an easier permitting process to build homes was heard Monday from city councillors.

Reflecting public comment, some members of the council had reservations about the transfer fee as potentially punishing homeowners. That lingered even after councillor Patty Nolan explained that the policy order recommended only that the state Legislature allow cities to enact transfer fees if and how they chose.

Source: Real estate transfer, path to faster homebuilding and housing voucher ideas get council approval – Cambridge Day

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