Event Description

Join a Webinar, March 4 on Doubling the Deeds Excise Tax for Affordable Housing & Climate Solutions

Learn how one policy helps address both the climate and housing crises.

On Wednesday, March 4th at 8 PM, join activists across Massachusetts and State Senator Jamie Eldridge for a webinar to learn about how the housing and climate crises are connected, and how doubling the state’s ‘deeds excise tax’ can generate significant new revenue for investments in housing production and assistance, and in climate resilience and mitigation.

HERO urges the Massachusetts State Legislature to double the current Deeds Excise Tax (from $4.56 per $1,000 to $9.12 per $1,000), upon the sale of real property in Massachusetts, to generate approximately $300 million in new revenue each year. We propose to split this increase evenly (50/50) between Affordable Housing and Climate.

This new revenue would create or preserve additional housing for 18,000 working-class homeowners and renters over 10 years; finance hundreds of millions of dollars in competitive, flexible grants to localities for climate resilience and mitigation; and assist between 3,500 and 6,500 additional extremely low-income families per year with housing vouchers or project-based rental assistance

Hosted by the Housing and Environment Revenue Opportunities (HERO) Coalition. In pursuit of Next Level Housing Solutions, LISC is a proud member of HERO.

HERO is a diverse coalition of environmental and housing advocacy organizations, have joined forces to advocate for major new state investments to protect our families, neighbors, and communities from the affordable housing crisis and climate change.
To RSVP for the webinar, please visit the Registration Page.
For more on the HERO Campaign, visit: https://www.mahousingclimate.org or check out the HERO Fact Sheet.