FALMOUTH – As many continue to struggle financially during the ongoing coronavirus pandemic, Barnstable/Dukes/Nantucket State Representative Dylan Fernandes has filed HD 3764, a bill that would supplement affordable housing for many.
“The multimillionaires coming to our shores, buying multimillion dollar homes, should be contributing a tiny percentage to affordable and workforce housing in our local communities,” said Fernandes.
In 2020, home sales in both Nantucket and Martha’s Vineyard surpassed $1 billion.
“Home sales here are at the highest point that they’ve been, homes have never been more expensive, and its causing a real crisis for the sustainability for our community,” said Fernandes.
The bill gives municipalities the option to impose a fee of up to 2% on home sales that are over $1 million. Up to 1.8% will go towards affordable housing within a particular town, while .2% will go to the state housing department of community development.
“The pandemic has exasperated this issue and made this issue significantly worse and more challenging,” said Fernandes.
About CapeCod.com NewsCenter
