On Energy News Network: Mass. bill would double real estate fee to fund clean energy, affordable housing


Environmental and housing advocates are joining forces in Massachusetts to push a bill expected to generate $300 million per year to fund investments in clean energy, energy efficiency, climate adaptation, and affordable housing.

The legislation would double the deeds excise fee paid on real estate transactions, which hasn’t been increased in more than 30 years. The added revenue would be split evenly between programs to slow and respond to climate change and those to improve access to affordable housing — two urgent needs that are intimately connected, advocates said.

Read the article as it originally appeared on Energy News Network here.