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| Bill Number |
S#746 (S.2296) now S.2299/H#1729 |
| Title |
An Act Relative to Employer Assisted Housing |
| Lead Sponsors |
Senator Jarrett Barrios and Representative Robert Spellane |
| Status |
Referred to the Joint Committee on Housing. Public hearing held on April 24, 2007. The committee reported the Senate bill favorably on 05/15/07. The Senate bill was referred to Senate Ways and Means. The Senate committee reported a redraft of the bill (S.2296) on 07/23/07 and passed the bill with foreclosure prevention on 07/24/07 as S.2299. It now goes to the House. The House bill, attached to H.3786, has been referred to the House Committee on Ways and Means. |
Summary
Employers in Massachusetts have difficulty recruiting and retaining employees because of the high cost of housing. Under this act, employers that create a program to help their employees purchase and rent housing in Massachusetts, would be able to receive matching funds of $1 from the Commonwealth for every $2 the employer contributes. The Commonwealth's investment would leverage $10 million in employer assistance.
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