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From YouTube: Committee on Government Operations on February 10, 2022
Description
Docket #0222 - Message and order for your approval a home rule petition to the General Court entitled “Petition for a Special Law re: An Act Relative to Real Estate Transfer Fees and Senior Property Tax Relief.
A
City
councilor,
I'm
the
chair
of
the
boston
city
council's
committee
on
government
operations.
I'm
joined
today
by
my
colleagues
councilor
edwards
from
district
one
counselor
at-large
counselor
louis
jen,
councillor
braden
and
at-large
counselor
julia
mejia.
A
This
public
hearing
is
being
recorded.
It
is
being
live
streamed
at
boston.gov
city,
council,
tv
and
broadcast
on
xfinity
channel
8,
rcn,
channel
82
and
fios
channel
964..
We
will
be
taking
public
testimony
at
the
end
of
this
hearing
if
you're
interested
in
testifying,
please
email
cc.go
at
boston.gov
for
the
link.
Today's
hearing
is
on
docket
number
zero.
Two
two
two
message
and
order
for
your
approval:
a
home
rule
petition
to
the
general
court
entitled
petition
for
a
special
law
regarding
an
act
relative
to
the
real
estate,
transfer
fees
and
senior
property
tax
relief.
A
I'm
going
to
kick
it
over
to
counselors
in
order
of
arrival
for
opening
statements
if
they
have
any
and
also
when
we
get
to
the
q
a
this
will
be
the
same
order
that
we
use
for
questions
to
the
panel.
Today's
expected
attendees
and
I
believe,
they're
all
here.
We
have
commissioner
nicholas
einionello.
I
hope
that
I
pronounced
that
correctly.
A
If
I
didn't
please
correct
me
later,
I'm
commissioner
of
assessing
chief
sheila
dylan
who's,
the
chief
of
housing
for
the
city
of
boston,
tim
davis,
who's,
the
deputy
director
of
policy
at
the
mayor's
office
of
housing
and
commissioner
emily
shea
who's
at
the
aid,
strong
commission,
and
so
with
that,
I'm
going
to
kick
it
over
to
the
councillors.
I'm
going
to
now
go
to
councillor
edwards
if
she's
ready.
I
know
that
I
believe
in
her
first
term
this.
A
B
B
Continuing
with
it
wasn't
my
first
term
that
we
managed
to
get
this
out
of
our
collective
body
over
to
the
state
house,
and
we
were
pushing
for
basically
sustainable
sources
of
funding
to
help
us
make
sure
that
no
matter
what
happened
a
pandemic,
a
recession
that,
as
long
as
there
was
real
estate
moving
and
as
long
as
the
city
or
developers,
are
making
money
that
the
city
of
boston
could
always
have
a
a
sustainable
fund
to
help
subsidize
affordable
housing,
and
this
is
what
this
is
exactly
what
we
need
we've.
B
If
we
learned
anything
we
this
moment
where
we're
getting
huge
amounts
of
federal
funding,
it's
not
going
to
last.
We
need
to
make
sure
that,
after
this
has
passed
through
that
we
actually
have
to
send
sustainable
sources
of
funding.
This
is
something
that
is
is
not
only
sustainable,
but
it's
fiscally
responsible.
B
The
major
differences
that
I
have
found
between
the
prior
version
that
we
passed
and
this
one
actually
make
this,
I
think
more
palatable
for
a
lot
of
people
in
boston.
B
This
is
coupled
with
senior
relief
and
making
sure
that
people
who
are
aging
in
boston
in
their
homes
actually
are
getting
the
break,
much
needed
tax
break
that
they
need
at
the
same
time,
this
is
now
basically
an
exclusion
of
the
first
two
million
dollars
from
any
of
the
transfers
so
that
the
entire
two
million
isn't
taxed,
but
whatever
comes
after
two
million
is
actually
the
transfer
fee
applies
to
it
from
two
percent,
so
I
would
love
to
hear
from
the
administration
about
how
that
effect
impacts.
B
I
know
the
entire
two
million
and
up
was
gonna,
raise
a
hundred
million
dollars.
I
don't
know
this
is
going
to
do
that,
but
essentially
this
is
something
I
fully
support.
This
is
the
conversation
that
we
have
been
desperately
needing,
and
I'm
excited
I
want
to
thank
council.
Excuse
me
mayor
will,
my
goodness
for
her
leadership
in
this
conversation.
I
hope
all
of
my
colleagues
will
support
this.
Ultimately,
when
we
get
it
ready
to
go
to
the
floor.
B
My
final
point
and
something
that
I
would
love
to
talk
to
no
matter
if
we're
going
to
do
a
working
session
or
not
council
royale,
but
we
I
would.
I
would
like
to
talk
about
100,
affordable
developers
or
cdc's
and
non-profits,
and
whether
the
administration
had
planned
for
them
to
also
have
this
applied
to
them.
Is
there
a
certain
threshold
if
you're
producing,
affordable
housing
that
we
would
need
to
apply
the
speech
to
or
not
so
that
was
a
lot
I'm
beyond
excited.
B
I
look
forward
to
getting
on
camera
shortly
and
thank
you
for
thank
you
for
hosting
this
so
quickly,
council,
royale.
A
Thank
you,
council
edwards.
I
think
this
is
something
that
we
have
broad
support
from
the
council,
so
it
may
go
through
a
working
session.
I'll
obviously
take
the
temperature,
but
I
think
this
is
a
fantastic
thing.
Myself
now
I
just
wanna
shout
out
a
couple
of
the
counselors
who've
shown
up
and
then
I'll.
Let
folks
know
sort
of
the
order,
so
that
folks
know
when
they
are
going
to
be
coming
up.
I
want
to
also
note
that
counselor
bach
has
joined
us
councillor.
A
Warrell
has
joined
us.
Councilor
baker
has
joined
us
council.
President
ed
flynn
has
joined
us
and
counselor
tanya
anderson
fernandez
has
joined
us.
We
are
going
through
opening
statements.
Next
up
is
counselor
louis
jen,
followed
by
councillor
braden
counselor
louis
jam.
The
floor
is
yours.
C
Thank
you
chair
and
thanks
everyone
for
being
here,
I'm
happy
to
be
here.
I
want
to
thank
councilor
edwards
for
her
work
on
this.
I
know
former
mayor
janie
when
a
counselor
was
also
really
active
on
the
real
estate
transfer
fee,
so
I'm
grateful
to
have
a
mayor
who
cares
deeply
about
affordable
housing
and
to
see
how
we
can
benefit
from
a
market
that
has
really
resulted
in
further
cleavaging
the
differences
between
the
haves
and
the
have-nots.
C
This
is
a
way
for
us
to
be
able
to
extract
some
of
the
wealth
that's
been
gained
from
the
speculative
market,
so
I'm
excited
about
this
real
estate
transfer
fee
and
the
possibility
of
further
bolstering
bolstering
the
neighborhood
housing
trust.
Also,
one
of
the
one
of
the
many
calls
early
calls
that
we
get
into
our
office
is
from
seniors
who
need
help
with
you
know:
property
taxes.
C
I
had
a
call
with
commissioner
earlier
this
week
and
that's
something
that
we
talked
about,
and
I
think
this
would
be
a
really
great
opportunity
for
our
seniors
to
experience
less
stress
in
their
daily
lives
by
having
more
assistance
under
a
more
expansive
view
of
41c.
So
I'm
really
excited
for
this
discussion
and
and
to
see
what's
possible.
So
thank
you.
A
Thank
you
councillor
louis
louisiana,
councillor
braden,
who
will
be
followed
by
councillor
mckee
councillor,
brandon
floyd's,
yours.
A
All
right
we'll
go
to
councillor
mejia
council
braden
when
you're
ready.
Just
let
me
know
counselor
here
the
floor
of
yours,
followed
by
council
obama,.
D
Yeah,
thank
you
to
the
chair
for
holding
this
hearing.
This
is
an
exciting
opportunity
to
be
doing
more
to
assist
in
the
creation
of
affordable
housing
across
the
city
of
boston,
we're
not
only
lacking
enough,
affordable
housing.
We
lack
enough
housing
period
and
this
lack
of
housing
offer
often
impacts
our
lowest
income
residents.
D
Our
senior
residents
and
our
residents
of
color,
the
most
a
transfer
fee
is
great,
is
a
great
resource
to
be
building
funds
towards
the
creation
of
affordable
housing,
and
I
look
forward
to
this
conversation
and
learning
more
about
this
process,
and
I'm
super
excited
that
counselor
edwards
is
leading
the
way
in
the
space.
Thank
you.
A
Thank
you
councilmember
councillor
braden,
whenever
you're
ready
just
raise
your
hand
if
you
want
to
do
an
opening
statement
at
this
moment,
I'm
going
to
go
to
councillor
bach,
followed
by
council
warrell.
F
Thank
you
so
much,
mr
chairman,
and
and
thank
you
to
the
makers
of
this
this
this
ordinance.
I
just
wanted
to
listen
in
and
and
learn
more
about
how
this
is
going
to
work.
I
think
it's
a
very
important
initiative
and
well
well
worth
the
effort
of
trying
to
enact
it.
Thank
you.
E
Thank
you
so
much,
mr
chair,
and
thank
you
to
all
the
departments
who've
been
involved
in
drafting
this,
I'm
so
excited
about.
It
was
proud
to
stand
with
the
mayor
on
it
and
grateful,
as
has
been
mentioned,
to
the
leadership
of
council
edwards,
former
mayor
janie
and
others
on
pushing
this
forward
and
and
really
you
know,
I
think
that
it's
great
to
have
found
a
way
to
combine
this
push
for
a
transfer
fee
with
this
long-term
senior
resident
property
tax
relief.
I'm
I'm
sure
that
he'll
speak
to
it.
E
But
president
flynn
was
pushing
this
issue
a
year
ago
and
we
had
some
significant
working
sessions
in
february
and
march
of
last
year
on
sort
of
how
do
you,
how
do
you
figure
out
the
right?
The
writing,
like
program,
that's
going
to
both
really
help
our
long-term
seniors
to
stay
in
our
communities
and
also
make
sure
that
you're
not
like
eroding
the
tax
base,
giving
that
break
to
sort
of
larger
entities
and
owners.
And
so
I
appreciate
the
administration
working
hard
off
that
basis
of
all
the
work
that
we've
done
last
year.
E
To
thread
that
needle-
and
I
see
that
the
commissioner
is
on
here,
commissioner
arnello-
and
I
just
think
I
think
the
combination's
great,
because
I
think
so
often
you
know
what
folks
find
challenging
about
property
taxes.
Is
that,
although
they
have
an
asset,
that's
appreciating
if
their
main
experience
of
that
asset
is
as
the
home
that
they
are
actually
trying
to
stay
in
the
city
in
and
they
don't
want
to
liquidate
it.
E
That
raises
all
kinds
of
challenges,
and
so
I
think
it's
one
of
the
great
virtues
of
a
transfer
fee
that
it
places
the
tax
at
the
moment
of
transfer
at
the
moment
of
liquidating
the
property.
So
we
can't
say
that
there
isn't
sort
of
money
available
and
I
think
that
taking
taking
those
moments
of
sale
and
having
them
circulate
back
to
creating
the
public
good
of
more
housing
in
the
city
for
people
and
especially
for
low-income
folks.
E
It's
just
a
it's
a
critical
and
it's
a
critical,
harnessing
and
a
really
good
way
of
thinking
about
how
to
make
sure
that
we
don't
keep
developing
into
a
boston
where
there's
a
bigger
and
bigger
divide
between
the
haves
and
have-nots.
So
I
agree
with
counselor.
Edwards
definitely
want
to
understand
what
our
kind
of
estimates
are.
E
Our
updated
estimates
for
what
we
would
get
from
this
and
and
understand
both
what
the
what
the
break
for
the
seniors
does
in
terms
of
our
expected
lost
tax
revenue
and
what
the
gained
tax
revenue
is
from
the
transfer
fee.
But
I
just
think
I
think
so
often
the
financialization
of
housing
and
then
the
actual
role
of
housing
of
housing.
E
People
are
put
at
loggerheads
with
each
other
and
financialization
is
winning
out
these
days,
and
so
the
ability
to
reverse
that
and
really
harness
that
financialization
for
our
folk
standing
in
the
city
is
is
just
so
important.
So
I'm
thrilled
to
be
supportive
of
this
and
looking
forward
to
the
hearing.
Thank
you,
mr
chair.
A
Thank
you,
councillor
bach,
council
orwell
will
be
followed
by
councillor
baker,
council,
council,
o'reilly,
florida.
G
Thank
you
chair
and
thank
you
to
mayor
wu
for
the
mayor,
janie
and
councillor
edwards
for
making
affordable
housing
and
senior
tax
relief
a
priority
just
interested
in
hearing
more
about
this
conversation.
When
I
was
on
the
doors,
a
lot
of
our
seniors
were
talking
about
senior
tax
relief.
You
know,
and
one
thing
that
I
heard
was
you
know
a
lot
of
seniors
are
house
rich,
but
cash
poor.
G
So
there's
some
relief,
that's
coming
towards
them
through
through
this
through
this
build
and
then
also
just
trying
to
slow
down
the
displacement
by
building
affordable
housing.
So
I'm
looking
forward
to
this
conversation.
Thank
you.
A
H
H
We
as
a
council
need
to
need
to
figure
out
how
much
we're
going
to
keep
hammering
the
real
estate
community
in
in
homeowners
and
and
small
property
owners,
because
whenever
we
come
up
with
these
sorts
of
grand
ideas
that
go
after
the
property
owners,
it
hurts
the
smaller
property
owners,
never
hurts
the
larger
property
owners
because
they're
the
ones
that
are
going
to
stay
stay
in
the
in
the
business,
no
matter
what
it
takes.
But
I
am
interested
to
see
how
this
is
potentially
going
to
help
our
seniors.
I
think
we
can.
H
We
should
should
be
helping
our
seniors
and
should
be
having
the
the
conversations
without
attaching
it
to
a
transfer
transfer,
tax
and
and
at
a
minimum.
I
think
that
people
that
own
their
homes,
if
they've
been
in
them
for
a
while
and
they
are
able
to
get
two
million
dollars.
I
don't
think
that
they
should
have
to
give
give
the
city
even
more
money,
over
and
above
what
the
state's
gonna
take,
what
the
what
the
city
is
already
going
to
take.
So
I
think
I
think
we
should
be
looking
at
home
ownership
here.
H
In
terms
of,
I
don't
think
that
homeowners
should
be
should
be
subject
to
this
to
this
here,
but,
like
I
said
I,
I
am
interested
to
see
how
we're
tying
this
into
our
seniors.
Thank
you.
A
Thank
you,
councillor.
Baker.
Council.
President
flynn
will
be
followed
by
councillor
fernandez,
anderson,
councilor
councilor.
President
council,
president
flynn.
Thank
you.
The
floor
is
yours.
I
Thank
you.
Thank
you,
mr
chair,
and
thank
you
to
council
royal
for
holding
the
hearing
to
mayor
wu
for
her
leadership,
but
also
to
our
colleague,
counselor
edwards,
as
well
for
her
important
work
on
this
issue
for
many
years,
along
with
former
mayor
janie,
we're
in
a
housing
crisis,
so
we
need
to
figure
out
different
ways
to
fight
displacement
and
have
more
affordable
housing
to
help
middle
class
families,
communities
of
color
immigrants,
our
seniors
and
persons
with
disabilities
stay
in
the
city
of
boston.
I
I
I
And
just
finally,
when
it
comes
to
this
conversation
about
property
tax
relief
in
our
seniors,
I
think
it's
also
important
to
acknowledge
many,
who
are
also
renting
out
apartments
in
their
triple
deckers,
below
market
rates,
to
their
neighbors,
to
their
family
and
to
people
in
need
as
well.
That
is
a
critical
piece
of
affordable
housing
that
often
goes
under
the
radar
in
many
boston
neighborhoods,
including
my
own
neighborhood
in
south
boston.
I
I
would
like
us
to
take
a
look
at
seeing
how
we
can
provide
some
relief
for
long-time
residents
and
somehow
for
those
who
provide
big
all-market
rent
to
their
neighbors
and
who
want
to
keep
families
in
the
city.
I
They
want
to
keep
families
in
the
city,
and
they
know
that
these
families
don't
have
the
financial
means
to
stay
in
the
city,
so
what
they're
doing
is
they're
giving
them
a
break
on
on
the
rent,
so
there
should
be
a
place
for
those
residents
in
the
city
of
boston
as
well,
along
with
our
seniors,
along
with
our
persons
with
disabilities
and
immigrant
communities
as
well.
Thank
you,
mr
chair,
for
giving
me
the
opportunity
to
speak
today.
A
J
Thank
you
chair.
I
am
really
excited
to
be
here
today
and
I
think
that
this
is
a
really
important
step
in
to
towards
meeting
the
housing
crisis
with
the
urgency
that
is
necessary.
I
think
that
this
is
a
good
first
step
and
we
have
lots
of
work
to
do
and,
as
the
chair
of
the
housing
committee,
I'm
excited
to
hear
from
folks
and
also
work
on
implementing
this
with
all
of
my
colleagues
and
the
mayor's
office.
Thank
you.
A
Thank
you
and
for
folks
who
will
now
go
to
the
panel.
I
see
that
we
have
here
with
us
chief
sheila
dillon,
the
chief
of
housing
for
the
city
of
boston,
tim
davis,
the
deputy
director
of
policy
at
the
mayor's
office
of
housing,
nicholas
erniello
and
now's
a
good
time
to
correct
me.
So
I
don't
keep
saying
your
name
wrong.
The
commissioner
of
assessing
and
commissioner
emily
shea
of
the
hdr
commission.
I
don't
know
who
or
if
you're
gonna
have
one
person
present
or,
if
you're
all
presenting.
L
I'm
so
sorry,
I'm
sorry,
so
thank
you
so
much
for
having
us
chairman
arroyo
for
holding
this
really
important
hearing
and
doing
it
so
quickly.
For
the
record.
My
name
is
sheila
dillon
and
I'm
chief
of
housing
for
the
city
of
boston.
L
As
mentioned,
my
colleagues
and
I
are
here
to
present
some
an
overview
of
the
home
rule
petition
filed
by
mayor
wu
and
act
relative
to
real
estate,
transfer
fees
and
senior
property.
Tax
relief.
L
Tim
davis,
deputy
director
for
policy
and
research
will
over
will
give
an
overview
of
the
transfer
fee
portion
of
this
legislation
and
what
it
would
yield
really
happy
to
be
here,
with
tax,
assessor
nick
ironello
who's
going
to
provide
an
overview
of
the
changes
to
41c
and
emily
shea
here
to
talk
about
how
both
of
these
components
would
really
help
our
seniors
and
before
I
hand
it
over
to
tim,
I
I
do
I'm
going
to
state
the
obvious
what
we
all
know
to
be
true.
L
There
are
too
many
of
our
residents
that
are
struggling
with
housing,
and
I
just
want
to
state
a
couple
of
facts
just
to
put
things
in
context.
L
L
Talking
to
kate
bennett
yesterday
wanted
to
get
an
update
on
the
wait
list
at
the
bha
it's
over
40
000
people
are
on
the
bha
waitlist
and
we
know
for
families
to
build
wealth
and
for
them
to
stay
in
in
the
neighborhoods
that
they
love.
We
need
to
build
more
affordable
home
ownership
and
on
any
given
night
in
the
city
of
boston.
There
are
900
individuals
that
are
homeless
and
at
the
last
census
there
were
900
families
living
in
boston,
family
shelters.
L
So
you
all
know
these.
You
all
live
these.
We
all
get
the
calls
the
stories,
but
the
we.
We
need
so
badly
to
increase
our
on
and
increase
ongoing
revenue
streams.
So
we
continue
to
can
build
the
affordable
housing
that
that
we
need
and
have-
and
I
I
do
want
to
thank
you
all.
A
lot
of
you
have
been
in
this
fight
for
a
long
time
and
we
have
made
progress.
I
don't
want
to
be
all
doom
and
gloom.
L
L
L
It's
it
really
is
worth
fighting
for.
So
with
that,
I'm
going
to
hand
it
over.
To
tim,
oh
oh
before
I
do
that.
Thank
you
tim
for
putting
up
this
slide,
so
it
may
come
up.
What
do
we
spend
right
now
on
housing
development?
And
this
isn't
I
don't
what
I
didn't
capture
here,
but
I
can
certainly
get
to
you.
L
I
didn't
capture
the
bha,
the
resources
they
get
through
our
cap,
the
capital
budget,
but
this
is
what
we
use
the
mayor's
office
of
housing
to
build
and
preserve,
affordable
housing
every
year
and
you'll
see
that
the
sources
I
just
listed
total
like
last
year,
they
totaled
71
million
dollars.
Now
that's
a
lot
of
money,
but
given
the
cost
of
land,
the
cost
of
construction,
you
know
how
difficult
it
is
to
build
and
preserve,
affordable
housing
in
the
city.
L
We
know
that
this
number
is
inadequate
and
we
need
to
do
more,
but
I
did
want
a
level
set
here
and
just
provide
you
with
the
number
of
what
we
spent
last
year
on
the
creation
and
preservation
of
affordable
housing,
and
when
you,
when
you
see
that
71
number
now
I'll
go
and
tim,
will
talk
to
you
about
what
the
transfer
fee
could
raise.
I
I
think
you'll
just
see
the
the
importance
of
of
us
passing
working
with
our
state
legislature
and,
and
you
all
to
pass
this
very
important
bill.
So
with
that.
L
I
really
want
to
thank
you
for
your
time
and
I'm
going
to
hand
it
over
to
tim
who's,
going
to
outline
the
transfer
fee
portion
of
this
legislation.
Thanks.
K
It
exempts
the
first
two
million
of
any
real
estate
transaction.
This
is
different
from
the
2019
version,
which
was
passed
by
this
body
which
covered
all
transactions.
It
covered
the
entire
value
of
a
transaction,
two
million
or
more
like,
as
with
the
2019
version,
it
does
allow
for
free
of
up
to
two
percent.
K
That
would
be
that
specific
percentage
would
be
defined
by
ordinance
after
the
legislature
passes
it
by
this
body.
It
also
enables
the
city
of
boston
by
lawrence
to
make
other
exemptions,
including
for
affordable
housing
developments
and
vulnerable
populations,
such
as
our
low-income
seniors,
based
on
2021
sales.
A
one
percent
transfer
fee
would
have
raised
a
one-year
total
of
almost
45
million
dollars,
and
a
2
fee
would
have
raised
99.7
million
dollars.
K
This
is
it
only
looking
also
with
the
2021
numbers.
It
would
have
affected
only
704
transactions
across
the
city.
Most
of
these
transactions
are
in
downtown
neighborhoods
and
on
high
priced
condominiums,
and
also
on
some
of
our
larger
transactions,
including
if
a
commercial
building
is
sold
so
an
office
building.
Slowly
we
get
this
transfer
fee.
If
a
large
apartment
building
was
sold,
we
would
get
the
transfer
fee,
so
it
does
affect
those
kinds
of
properties
as
well,
not
just
residential
properties,
to
cover
the
the
41c.
I
will
turn
over
to
the
assessing
commissioner.
M
Thank
you
tim.
Can
you
guys
hear
me?
Okay,
I'm
trying
a
new
microphone
set
up.
Good,
okay,
appreciate
it
appreciate
that
and
counselor
aurelia.
You
did
a
much
better
job
on
my
name
that
the
second
time.
So
I
appreciate
that
as
well.
That's
it's
aranello,
but
you
you
are
by
far,
not
the
not
the
first
person
to
to
pronounce
it
differently.
So
no
worries
that.
A
M
That
so
yeah,
I
think
you
know,
the
administration
is
really
excited
about
the
provisions
that
we've
made
to
the
transfer
fee
and,
in
particular
one
of
those
revisions
is
adding
in
this
provision
about
kind
of
updating
and
altering
our
41c
exemption
program.
M
Seniors
can
get
up
to
two
thousand
dollars
off
of
their
property
taxes
which,
when
combined
with
the
residential
exemption,
is
just
a
huge,
huge
chunk
of
money
and
really
makes
that
a
much
much
less
of
an
issue
in
terms
of
when
they're
looking
at
their
overall
cost
for
the
year
and
the
different
things
that
they
need
to
need
to
pay
for
it's
a
program
that
is
targeted
currently
towards
very
low
income,
seniors
that
have
very
few
assets
in
reserve.
M
But
we
also
really
want
to
revise
the
income
limits
and
kind
of
pig
those
to
something
that
can
move
over
time.
So
the
program
is
really
doing
what
it's.
What
it's
supposed
to
do
so
currently,
the
asset
limits
for
a
single
applicant
is
just
under
25
000,
which
is
about
26
and
a
half
percent
of
area,
median
income
to
the
really
low
threshold
and
for
a
married
couple.
The
income
limit
is
just
under
38
000,
which
is
around
35
percent
of
area.
M
If
this
goes
into
effect,
that
would
change
the
income
thresholds
for
single
individuals
that
would
raise
that
up
to
forty
seven
thousand
dollars,
since
it's
almost
doubling
it
and
for
a
married
couple,
would
go
up
to
fifty
three
thousand
seven
hundred
dollars
these
are.
These
are,
I
think,
really
significant
changes,
but
it's
not
just
the
one-time
increase,
it's
that
would
be
pigging
it
to
something
that
will
move
over
time,
and
so
it
wouldn't
be
something
that
we
would
have
to
constantly
revisit.
M
We
also
are
interested
in
changing
the
asset
limits,
because
right
now,
there's
some
pretty
strict
asset
limits
on
what
people
can
have
to
qualify
for
the
program
and
that's
40
000
in
assets,
if
you're
single
on
55
000,
if
you're
married,
it
doesn't
include
the
value
of
the
home
that
you
live
in,
but
it
includes
a
whole
bunch
of
your
other.
Your
bank
accounts
retirement
accounts.
M
Things
like
that,
so
we'd
like
to
increase
those
as
well
and
we'd
like
to
double
them,
so
we'd
raise
the
assets
for
single-family
households
to
eighty
thousand
dollars
and
for
married
applicants
to
a
hundred
and
ten
thousand
dollars.
So
really
we're
we're
changing
all
the
elements
of
the
program.
To
think
to
to
be
something
that
we
think
really
makes
more
sense
for
the
area,
and
you
know
we
feel
like
it
makes
sense
to
have
this
kind
of
conversation
while
we're
talking
about
the
transfer
tax.
M
We're
talking
about
housing,
affordability,
and
so
this
seemed
like
kind
of
the
the
right
package.
M
I'd
also
like
to
reiterate
something
that
that
tim
mentioned
that
I
think
is
really
important
to
to
keep
in
mind
and
I
hope
might
address
one
of
the
concerns
that
counselor
baker
brought
up
the
change
to
the
transfer
tax
legislation
of
having
it
only
apply
to
amounts
over
two
million
dollars
that
that
that's
a
that's,
a
pretty
dramatic
change,
and
so
that
basically
means
that
if
someone
has
a
property
that
does
appreciate
in
the
future-
and
you
know
right
now-
it's
worth
1.9
million
dollars.
Next
year-
it
sells
for
2.1
million
dollars.
M
The
transfer
fee
would
only
apply
to
that
hundred
thousand
dollars
over
the
two
million.
It
wouldn't
apply
to
the
entire
amount,
and
that
that
that
makes
it
a
much
more
progressive
program
and
not
not
regressive,
and
also
the
the
current
exclusion
of
two
million
dollars
really
does
take
the
vast
majority
of
individual
housing
units
out
of
the
equation
entirely.
N
Wonderful
thanks
so
much
commissioner
hi,
chairman
oreo
and
council
members.
It's
great
to
see
everybody
on
here.
We
support
at
the
age
strong
commission,
both
the
transfer
tax
and
the
changes
to
the
41c
exemption.
N
Many
older
adults
in
boston
are
facing
challenging
financial
situations,
as
you
know,
and
all
too
often
the
generation
that
made
our
cities
and
communities
the
thriving
places
they
are
today
are
forced
to
choose
between
paying
housing
costs
paying
for
food
and
paying
for
medications.
N
In
fact,
for
people
over
the
age
of
65
and
living
independently
in
boston,
74
percent
of
individuals
and
44
percent
of
elder
couples
in
boston
have
incomes
below
the
elder
index,
meaning
they
have
less
income
than
it
costs
them
to
live
in
the
city.
So,
for
those
reasons,
it's
really
important
that
we
do
everything
possible
to
maximize
the
amount
of
funding
we
have
for
affordable
housing
and
the
transfer
fee
is
a
great
step
that
gives
us
another
funding
stream
and
also
the
proposed
changes
to
the
elder
exemption.
N
N
So
thanks
so
much,
I
guess
so
that
wraps
up
our
panel
and
I
think
we're
happy
to
take
any
questions
that
folks
have.
A
Thank
you,
commissioner,
say
so.
With
that
I'm
gonna
go.
I
just
want
to
note
that
we've
been
joined
by
councillor
murphy
and
I'm
gonna
go
in
order
of
appearance
for
the
questions,
which
means
we'll
be
starting
with
counselor
edwards,
going
to
counselor
louis
jen,
then
going
to
counselor,
brad
and
I'll
give
folks
a
heads
up
as
we
go
through
it
so
that
they
can
prepare
but
counselor
edwards.
The
floor
is
yours.
A
We'll
go
to
counselor
louis
jen
when
council
edwards,
when
you're
ready
just
put
a
hand
up
and
we'll
go
to
you
counselor
louis
jen.
The
floor
is
yours.
C
Thank
you
chair
and
thank
you
to
all
the
commissioners
for
your
presentation.
Just
a
question
about
the
senior
tax
relief.
Is
there
anything
under
41c
that
limits
us
from
continuing
to
increase
the
eligibility
requirement?
Ami
right
now
the
proposal
is
50,
but
if
we
wanted,
you
know
that
if
you
wanted
to
explore
what
it
would
look
like
to
raise
that
threshold,
do
we
have
statutory
authority
under
41c
to
do
so.
M
Thank
you
for
that
question.
So
currently
we
have
no
authority
to
change
these
limits
at
all,
but
so
that,
under
the
current
laws,
everything
is
is
presently
maxed
out,
and
so
that's
part
of
the
reason
for
putting
this
proposal
forward
is
to
to
have
a
legislative
change.
So
we
can
alter
some
of
those
figures.
We
weren't
thinking
about
putting
forward
a
proposal
that
would
kind
of
give
us
the
flexibility
to
make
it
different
over
time.
M
We
were
kind
of
thinking
that
it
made
sense
to
move
it
from
this
fixed
amount
currently
to
tag
it
to
area
mean
income,
but
if
it
were,
the
the
50
number
seemed
like
such
a
giant
increase
over
what
it
is
presently
but
then
also
still
serving
kind
of
a
population,
that's
struggling,
so
that
that's
kind
of
why
we
we
chose
that
number,
but
I
suppose
it's
possible
to
discuss
whether
other
numbers
would
make
sense
as
well.
C
Yeah,
just
because
we
see
I
mean,
we've
seen
a
lot
of
issues
with
ami
and
it
not
you
know,
being
more
inclusive
than
just
the
city
of
boston.
I
think
that
it,
you
know
we
could
capture
a
large
swath
of
folks
who
are
struggling
with
property
taxes
and
struggling
with
the
number
of
us
they
have.
So
just
you
know
there
is
flexibility
there
on
that
50
number,
which
is
what
I
was
curious
about.
Thank
you.
A
Thank
you,
counselor
louis
jen,
councillor
braden
will
be
followed
by
councillor
mejia
council
braden
floor
is
yours.
F
Thank
you,
mr
chairman.
I
had
a
question
about
the
transfer
fee
if
it
would
apply
to
non-profit
institutions.
I
know
that
in
particular,
the
catholic
church
has
a
lot
of
land
holdings
and
they
they
they,
they
digest
themselves.
They
sell
off
the
land
for
development,
and
that
was
just
a
question.
The
other
issue.
I
I'm
really
delighted.
F
I
have
to
say
this
is
a
really
incredible
initiative
and
I'm
really
really
glad
to
see
it's
back
on
the
table
again
and
that
we're
we're
trying
to
get
it
passed
as
a
home
rule
petition,
and
I'm
hopeful
that
we're
going
to
make
it
this
time
and
I
think
it's
absolutely
necessary,
I'm
wondering
in
terms
of
its
application
to
commercial
properties.
F
I
know
that
in
this
neighborhood
many
developers
have
the
it's
part
of
their
business
plan
is
that
they
they
permit
prop
they
permit
sites,
they
develop
a
site
they
get
permitting
for
it
for
a
development,
and
then
they
immediately
flip
this
flip
the
project.
So
will
this
apply
to
projects
that
are
permanent
projects
as
well
as
completed
fully
occupied
projects?
Those
are
my
two
questions.
K
So
I
I
will
attempt
to
answer
that
question
in
terms
of
like
we
in
the
implementation.
K
If
there
is
an
actual
transaction
of
the
property,
that
property
would
have
the
transfer
fee,
so
if
they
purchased
the
property
for
a
million,
they
got,
they
got
it
entitlements
from
the
zoning
board
or
the
zoning
commission
and
then
sold
it
for
three
million.
Then
that
value
above
the
two
million
would
be
taxed
on
that
transaction.
F
A
Thank
you,
councillor
braden
councillor
mejia,
who
will
be
followed
by
councillor
bach
councillor,
mejia.
D
Yes,
thank
you
and
thank
you
to
everyone.
Who's
here
really
do
appreciate
your
thorough
responses
so
much
so
that
some
of
the
questions
that
I
had
lined
up
had
already
been
answered.
So
I
just
have
a
few.
The
home
rule
petition
says
that
the
transfer
fees
will
be
used
to
further
quote-unquote
housing
acquisitions,
affordability,
creation,
preservation,
senior
home
stability,
low
income,
renter
stability
et
cetera.
Can
you
just
go
into
a
little
bit
more
detail
about
how
you
see
these
funds
being
used?
D
How
specifically,
would
they
be
allocated
and
are
there
any
of
these
a
higher
priority
than
the
other,
and
then
I'm
just
curious
when
we
say
creation
of
affordable
housing?
Are
we
referring
to
developing
new
real
estate
or
designating
existing
units
as
affordable,
and
the
last
question
is
under
acceptance
transfers
it
states
that
certain
types
of
transfers
may
be
defined
by
an
ordinance
at
a
later
date.
Do
you
have
any
insight
on
how
we
may
be
I'm
defining
something
like
quote
unquote:
transfer
of
convenience?
Can
you
just
provide
some
input
around
that.
L
Yeah
I'll
start
and
then
hand
over
the
one.
The
last
question
to
tim,
but
thank
you.
It's
a
very
good
question.
The
majority
of
these
funds
will
go
into
the
neighborhood
housing
trust
for
distribution
through
you
know,
through
competitive
funding
rounds
and
the
city
council
has
a
seat
on
that
that
body
it
runs.
It
has
a
lot
of
neighborhood
representation.
It
runs
really
well.
We
did,
though,
put
language
in
there
that
you
mentioned
a
portion
of
the
fees.
L
It
gives
us
some
flexibility
if
we
felt
that
our
seniors
needed
needed
to
receive
some
of
these
funds
outside
of
the
neighborhood
housing
trust
to
for
housing
stabilization.
L
So
we
would
certainly
if
this,
if
this
passes
and
we're
so
hopeful
that
it
does
we'd,
be
coming
back
to
the
city
council
and
really
working
through
these
details
I'll
hand
it
over
to
tim.
On
the
other
question.
K
Typically,
those
are
done
as
almost
non-monetary
transactions,
so
they
wouldn't
probably
be
covered
by
this
ordinance
anyway,
they
would
be
exempt
just
because
of
the
low
dollar
value.
However,
we
would
look
at
language
in
the
implementation
stage
to
assure
that,
if
there
is
such
a
transfer
convenience
that
we
cover
that
we're
being
thoughtful
about
the
language,
so
that
owners
are
not
using
as
a
loophole
to
get
around
the
tax.
A
Thank
you,
councillor
mejia
councillor
box.
The
floor
is
yours,
followed
by
warrell.
E
Thank
you
so
much
counselor
arroyo
and
I
I
wanted
to
also
give
a
shout
out
to
math
senior
action
who
came
and
were
like
just
very
vocal
and
great
about
sharing
stories
about
the
way
that
the
senior
property
tax
burden
can
really
hit
some
of
their
more
vulnerable
members.
And
so
I
just
I
want
to
flag
that
they
were.
E
They
were
before
us
in
february
and
march,
saying,
among
other
things,
could
we
make
some
kind
of
change
to
41c
so
and-
and
you
know,
I
shared
those
notes
with
the
administration,
so
I
appreciate
them
making
good
on
that
and
taking
up
taking
up
that
cause.
I
guess
a
quick
question
on
that.
E
E
We
do
have
some
kind
of
statistical
data
in
the
city,
and
so
I'm
just
wondering
how
like
how
and
to
what
extent,
you've
been
able
to
put
a
number
on
on
what
we
think
the
like
likely
lost
tax
revenue
and
the
number
of
people
who
this
might
expand
to
be
able
to
serve,
and
this
is
also
obviously
connected
to
councillor
louis
john's
point
about
sort
of
the
question
of
like
you
know.
How
do
you
get
that?
E
E
Current
numbers
are
so
low
that
there's
almost
no
seniors
who
are
going
to
both
own
property
and
be
making.
You
know
that
26
to
32
ami,
even
even
if
they're,
on
fixed
income.
So
so
I'm
just
sort
of
curious
what
our
data
backup
is
there
and
what
we
think
we
know,
because
I
think
setting
it
at
an
ami
is
a
good
thing.
But
I
do
think
like
to
my
colleague's
point.
We
won't
be
able
to
frequently
go
back
and
change
what
that
ami
number
is.
M
Yeah
no
thank
you
for
that
question.
Counselor
bach,
so
we
do
not
have
amazing
data
on
the
potential
population
that
this
would
apply
to
in
part,
because
there
are
so
many
different
overlapping
factors
to
qualification.
So
it's
not
just
age.
It's
not
just
income,
it's
age,
income
and
an
asset
level
and
and
home
ownership
right
and
so
having
all
of
those
things
overlap.
M
M
It
goes
from
about
4,
600
homeowners
to
87
100
homeowners,
and
the
reason
that
I
want
to
stay
away
from
those
numbers
is
that
the
current
people
actively
in
the
program
is,
is
in
the
hundreds,
not
in
the
thousands,
and
we
don't
think
that
that's
due
to
like
a
failure
of
outreach,
we
think
that
that's
due
to
just
that,
the
criteria
is
so
limiting,
but
we
think
that
we
can
kind
of
extrapolate
that
if
you
just
look
at
those
income
numbers
and
that
that
income
change
would
approximately
double
the
amount
of
potential
applicants,
then
it
would
in
essence
double
the
amount
of
applicants
that
we
have
now
that
are
successfully
getting
the
program,
and
so
that
would
go
from
you
know
around
500
to
around
a
thousand.
M
So
we
we
think
that
that
is
a
pretty
significant
change
and
I
I
completely
understand
the
argument
that
more
can
be
done,
but
we
do
like
to
be
a
little
bit
careful
with
property
taxes
and
exemptions.
Since,
if
we
give
money
to
somebody,
then
someone
else
is
paying
for
that
and
property
taxes
are
such
a
huge
part
of
our
funding
source
that
we
we
give
everyone
an
exemption
that
that
becomes
problematic.
E
No
thanks
so
much
nick,
that's
helpful
and
on
a
scale
front
and
yeah,
obviously
the
the
net
of
how
much
this
raises
for
affordable
housing.
You
know,
like
we
wanna,
it's
both
a
question
of
what
the
transfer
fee
raises
and
then
also
a
question
of.
What's
the
tax
allowance
that
we're
making
to
support
these
seniors.
E
So
I
certainly
agree
with
you
that
you
want
to
be
well
targeted
on
that
front,
because
everything
the
city
does
basically
is
paid
for
by
property
tax
it
could
on
the
transfer
fee,
could
just
a
clarification
so
with
the
because
I
know
you
guys
put
up
the
numbers
of
sort
of
what
it
would
raise
if
you're
at
one
percent
and
what
it
would
raise
clear
at
two
percent.
So
the
language
of
the
legislation
is
up
to
two
percent
rights.
K
Yes,
in
other
words,
the
after
as
part
of
the
implementation
ordinance,
the
this
body
in
cooperation
with
the
mayor
could
decide
that
it's
one
and
a
half
percent,
or
that
it's
one
percent
or
it's
one,
point
two
percent.
So
it
is
an
up
to
two
percent
so
that
99.7
million
figure
was
the
upper
reaches
of
what
it
would
be
based
on
2021
sales.
E
Okay,
all
right,
yeah,
yes,
and
I
know
obviously
two
percent-
is
something
that
that's
a
transaction
fee
on
sales
in
much
of
charlestown
because
of
the
vpda
history
and
such
so
okay,
great
yeah.
I
just
wanted
to
clarify
that
that
was
going
to
be
in
the
ordinance.
So
thank
you
thanks,
mr
shadows
and
I'll
just
say.
I
think
you
know
this
is.
I
think
this
is
really
creative
legislation.
I
think
this
is
one
of
those
things
where
like.
E
If
you
pull
or
you
push
too
much
on
any
given
element
of
it,
you
know
you
reduce
the
amount
you're
raising,
but
you
also
help
relieve
other
people.
So
it's
obviously
a
balancing
act
and
I
just
appreciate
the
work
that
the
teams
put
into
trying
to
balance
a
bunch
of
different
factors
here
and
think
about
moving
us
forward.
So
thank
you,
mr
chair.
A
Thank
you,
counselor
bach
councillor
edwards
will
then
be
followed
by
councillor
warrell
councillor
edwards.
P
Thank
you
very
much.
I
just
wanted
to
make
sure
and
again
I
appreciate
all
of
the
the
back
and
forth
and
the
sense
of
urgency
from
the
administration.
P
Might
I
ask
that
we
consider,
in
terms
of
the
implementation,
the
a
step
up
of
the
percentage
based
on
how
much
more
over
two
million
dollars
so,
for
example,
if
it's
within
the
first,
if
it's
between
one
million
dollars
over
the
two
million,
so
it's
sold
for
three
million
dollars
so
you're
talking
about
within
the
range
of
the
first
1
million,
it's
0.5,
if
it's
higher
than
that,
it's
one
percent,
and
if
it's
higher
than
that
like,
if
you
could
think
of
a
step
step
up
that
the
two
percent,
the
full
two
percent
might
apply
to
only
projects
that
are
really
five
million
dollars
and
more
which
the
you
know
over
the
not
over
the
two
but
in
total.
P
So
just
I'm
curious.
I
think
that
that
would
be
helpful
and
I
think
that
might
calm
some
of
the
folks
in
the
real
estate
community
down
that
it's
just
not
a
flat
two
percent
over
everything
over
two
million
dollars
so
might
want
to
consider
a
great
rating
up,
so
1
million
and
so
on
and
so
forth.
P
I
also
think
that-
and
I
don't
know
if
counselor
flaherty
is
here,
but
if
he
he-
and
I
were
speaking
about
this
just
casually-
one
idea
that
he
had
was
also
potentially
increasing
the
two
million
dollar
base
basis,
so
that
after
the
first
five
years,
or
that
there
would
be
something
that
goes
back
to
the
two
million
dollars.
P
If,
if
our
real
estate
market
is
continuing
to
heat
up
at
this
level,
would
it
make
sense
to
say
that
in
five
years
we'll
look
at
whether
the
two
million
dollars,
the
first
two
million-
should
be
exempt?
Maybe
it
should
go
to
2.5
million
dollars
the
first
2.5
to
be
exempt
so
increasing
what
is
exempt
over
time,
while
also
having
to
step
up
over
that?
P
I
think
again,
these
are
just
the
balancing
portions
that
I
think
are
worth
looking
at
again:
exempting
100,
affordable
housing
developers
from
this
fee
in
any
way,
shape
or
form.
I
don't,
I
don't
think
if
you're
going
to
be
housing,
people
that
well
and
whatever
percentage
you
think
makes
sense.
So
if
it's
incentivizing
us
to
go
to
60
to
70,
affordable
units,
if
someone
purchases
it
and
does
that,
maybe
that
there
should
be
an
exemption
for
that
this,
a
you,
don't
pay
anything.
P
So
I
do.
I
would
like
to
hear
about
the
impact
of
the
there's
two
impacts.
I
think
some
counselor
bach
was
talking
about
the
the
bottom
line
impact
when
you
are
both
increasing
a
tax
fee
or
having
a
transfer
fee,
but
also
increasing
the
tax
exemptions.
You
really
wonder
what
the
net,
I
guess,
what
the
net
gain
is
for
the
city,
if
you're
exempting
more
people
from
paying
taxes
and
seniors,
so
I'm
wondering
what
that
net
ultimately
is.
P
Personally,
I
think
it's
the
it's
all
positive
gain
in
terms
of
housing,
stability,
so
being
able
to
keep
seniors
in
their
homes
and
being
able
to
keep
or
increase
the
amount
of
subsidy
and,
by
the
way,
the
neighborhood
housing
trust
for
folks
I
sit
on
it
now.
It
does
all
sorts
of
things,
but
one
of
the
biggest
groups
of
people
who
come
to
the
neighborhood
housing
trust
are
developers.
P
Developers
come
to
the
housing,
trust
who
actually
ask
for
what
money
to
subsidize,
so
they
can
build
more
affordable
housing.
So
I
just
want
people
to
know
this.
This
many
of
the
people
who
might
be
opposing
this
or
concerned
about
it
are
going
to
be
the
first
ones
in
line
to
ask
for
the
money
to
pay
to
buy
down
the
affordability
in
their
building.
So
this
is
this
is
going
into
development.
This
is
a
pro
development
transfer
fee.
This
is
not
going
to
stop
it.
P
P
If
you
recall,
the
administration
commissioned
a
report
about
the
original
proposal
for
a
transfer
fee
and
in
it
it
discussed,
it
specifically
was
asked
what
is
the
impact
on
the
real
estate
market
and
at
that
time,
in
that
report
that
the
walsh
administration
commission
they
found
that
it
was
negligible.
A
two
percent
fee
was
negligible
impact
on
the
sales
and
the
real
estate
market
in
2019.
P
Based
on
how
things
were
going,
I
don't
I
don't.
I
don't
need.
I
personally
don't
need
to
commission
a
whole
report
to
see
what
this
would
do
if
I'm
full
on
two
percent
for
the
entire
2
million
was
going
to
have
a
negligible
effect.
This
is
even
less
applicable.
So
I
just
think
it's
worth
us,
though,
remembering,
though
that
this
we
have
done
the
report,
we
have
done
the
analysis
on
the
impact
of
the
real
estate
market
and
I
could
send
that
out
to
chairman
chair,
chair
royal.
P
If
you'd
like
I
don't
know,
maybe
for
historical
purposes
and
for
for
all
of
the
counselors
and
of
course
the
administration
would
already
have
it.
But
it's
worth
us
noting.
We've
already
studied
the
impact
of
a
transfer
fee
on
real
estate
here
in
boston.
So
thank
you.
A
Thank
you,
councillor
edwards
councillor
warrell
will
be
followed
by
councillor
baker.
G
Thank
you
thank
you,
chair
and
thank
you
for
thank
you
to
the
administration
for
their
presentation.
Just
have
a
few
questions.
Who
will
oversee
the
transfer
fee
at
the
closing
of
a
property
and
how
will
this
be
enforced?.
K
Yeah
I'll
get
that.
Thank
you
counselor.
For
that
question.
It's
an
important
one.
It
is
all
there's
already
a
similar
fee
in
nantucket
and
in
martha's
vineyard,
and
there
is
basically
an
office
where
the
closing
attorney
basically
goes
to
that
office.
Pays
the
fee,
gets
a
certificate
and
then
goes
to
the
registry.
We
would
have
a
similar
system
here
on
nintendo
and
martha's
vineyard.
They
are
separate
offices
from
the
town
because
they
have
it's
a
it's
a
special
basically
fund
here
in
the
city
of
boston.
G
L
So
tim
you
can
answer
this,
but
transfers
to
family
members
correct.
I
think
there
we
can
flesh
out
in
the
ordinance,
but
there
that
does
we
can.
We
can
define
better
sales
between
family
members
and
potentially
exempt.
M
I
would
just
like
to
add
that,
as
written,
if
you
leave
your
property
to
your
to
your
children
as
as
part
of
your
parents
or
you
leave
it
as
part
of
a
trust
that
that
is
not
going
to
be
a
transaction,
that's
going
to
occur,
that's
going
to
be
over
2
million,
so
even
even
without
defined
language,
which
is
in
here
excluding
family
transfers.
Even
without
that
people
don't
leave
property
to
their
relatives
and
also
pay
for
it.
M
So
would
it
would
not
not
be
something
that
is
impacted
by
this.
G
L
A
Thank
you,
council
royale.
It's
going
to
go
to
councillor
baker
now
followed
by
president
flynn.
H
H
Why
are
we
doing
it
like
this?
Why
isn't
it
a
standalone
transfer
tax
which
which
it's
going
to
be
difficult,
and
the
members
of
the
state
house
to
vote
on
a
tax
here
now
in
in
an
economy
where
inflation
rates
are
up
around
seven
or
eight
percent,
where,
with
the
the
the
rates
for
for
to
get
money,
are
on
their
way
up?
Why
wouldn't
we
separate
these
two
out
and
have
the
transfer
attacks
and
then
the
41c
exemption
it
seems
like
it
seems
like
we're,
trying
to
kind
of
massage
our
way
through
this.
H
L
I
mean
I
I'll
just
give
it
a
whirl.
I
think
this
is
both.
Issues
were
very
very
important
to
the
administration
to
many
of
us,
so
we
thought
packaging
them.
One
would
make
it
a
more
popular
home
rule
and
certainly
a
more
popular
piece
of
legislation
for
the
state
house
to
vote
on.
So
we
thought
it
made
sense
to
pair
them
together
for
both
because
they
both
impact
housing
stability,
and
we
think
it
has
a
has
a
better
chance
of
success
at
the
state
house.
H
But
I
think
it's
I'm
not
comfortable
with
it.
I
think
that
I
think
they
should
be
separated
out.
I
think
we
should
have
a
transfer
tax
and
let
people
vote
on
attacks
and
then
and
then
helping
out
our
seniors
for
41c.
I
think
they
really
should
be
bifurcated.
It
looks
like
I
mean
more
pat
michelle
a
more
popular
application
here.
I
I
don't
know
if
it's
about
popularity,
counselor
counselor
edwards
had
spoke
about
this
is
making
development
more
affordable,
how
she
come
up
with
that.
H
That's
that's
pretty
interesting
and
also
the
impact
study,
which
was
years
a
couple
years
ago,
which
now
again
inflation
going
up
to
to
to
levels.
It
hasn't
seen
since
1982
we're
actually
going
into
an
economy
here
now
and
the
more
layers
we
as
the
city
council
as
city
government,
the
more
layers
we
put
on
basically
the
engine
that
that
that
we
pay
for
our
entire
city
with.
H
I
think
I
think
it's
a
mistake,
and-
and
just
I
I
think,
in
a
working
session
we
should
we
should
really
be
talking
about
how
we
bifurcate
these
and
two
separate
home
rule
petitions.
H
So
that's
kind
of
a
comment
we
can
we
can
get
into
in
in
our
in
our
working
sessions,
and
I
just
want
to
thank
nick
for
the
clarification
on
this.
It
makes
it
a
little
bit
easier
to
swallow
that
you
know
if
we're
looking
at
tax
over
over
2
million
so
yeah.
I
just
wanted
to
make
those
couple
of
points.
I
do
think
we
should
look
at
this
seriously
here-
it's
not
about
it.
I
don't
think
you
can
tie
the
two
of
them
together.
Yeah.
H
Maybe
one
has
something
to
do
with
the
other.
If
we
were,
if
it
was
a
transfer
tax
that
was
going
to
go
directly
into
helping
our
seniors,
then
I'm
on
board.
This
here
looks
like
a
an
attempt
to
kind
of
put
a
shine
on
something
with
with
with
the
layering
the
seniors,
on
top
of
so
just
some
thoughts
and
shayla.
As
always,
thank
you
for
doing
what
you
do.
A
Thank
you,
councillor,
baker,
council,
rarel,
sorry,
councillor
flynn.
President
flynn
will
be
followed
by
councillor
fernandez
anderson,
who
will
be
followed
by
councillor
lara,
who
will
be
followed
by
councilor
murphy.
So
that's
the
order
for
the
rest
of
this
president
flynn.
The
floor
is
yours.
I
Thank
you.
Thank
you,
mr
chair.
Last
year
I
highlighted,
or
called
for
a
hearing
on
property
tax
relief
for
our
seniors
in
creating
another
exemption
for
long-time
residents,
especially
those
55
years
or
older,
and
that
owned
their
home
for
20
years.
I
I
know
I
talked
to
you
about
that
nick
in
the
past,
and
maybe
we
can
talk
offline
about
that,
but
my
my
question
to
sheila
again,
thank
you,
sheila
for
being
with
us
for
you
for
your
important
leadership
sociology,
the
money
that
would
be
collected.
I
It
would
go
for
affordable
housing,
but
you-
and
I
also
worked
on
many
issues
over
the
last
four
years
about
tenants
facing
displacement,
especially
seniors
and
persons
with
disabilities.
Immigrant
residents
facing
displacement.
I
L
No,
it's
it's
a
very
good
question
and-
and
we
have
been
working
on
a
lot
of
senior
cases
lately,
the
the
I
the
vast
majority
would
go
to
create
and
preserve
affordable
housing
through
the
neighborhood
housing
trust.
But
we
did
write
the
legislation
and
the
home
rule
in
such
a
way
that
a
portion
of
the
funding
could
be
used
for
senior
home
stability,
giving
us
some
flexibility
to
use
funds
to
help
seniors
pay
their
rent
court
fees,
help
them
relocate
if
they
need
to.
You
know
utilities.
I
Okay,
thank
you,
sheila
and
thank
you
chairman
and
your
team.
I
think
that's
important,
because
a
lot
of
our
efforts
are
spent,
helping
seniors
stay
in
their
current
apartment
building
and,
as
you
mentioned
in
your
opening
climate
sheila,
we
have
a
huge
waiting
list
at
bha
and
that
doesn't
move
fast
enough.
If
we
don't,
if
we're
not
able
to
keep
these
seniors
and
persons
with
disabilities
in
these
apartments,
they
will
be
applying
for
bha
apartments,
but
the
problem
is,
as
we
all
know,
there's
a
huge
bha
waiting
list.
I
So
this
work
that
we
do
is
very
important,
but
it's
also
important
that
we
try
to
help
the
seniors
that
are
currently
also
living
in
here
persons
with
disabilities
immigrants
so
that
they
can
actually
stay
here
as
well.
So
again,
just
want
to
say
thank
you
to
the
city,
councilors
want
to
say
thank
you
to
the
mayor's
team
as
well
and
good
conversation.
Thank
you.
A
Thank
you,
president
flynn,
north
councillor,
fernandez,
anderson.
Q
Good
morning,
thank
you
chairman.
I
wanted
to
ask
about
the
funds
in
terms
of
seeing
housing
districts
found
on
counselor
president
flynn's
point
in
terms
of
senior
care
and
housing.
How
innovatively
can
we
use
the
funds
to
actually
integrate
services,
such
as
mental
health
in
housing,
developments
for
seniors.
L
I
I
think
I'll
just
try
to
answer
it.
I
think
in
two
ways-
and
we
can
certainly
it
could
be
flushed
out
too,
with
the.
If
this
passes,
we
have
an
executive
order,
but
when
we
build
a
senior
housing
or
we
build
housing
in
general,
just
for
all
populations,
it's
really
important
that
we
we
put
enough
subsidy
in
that
there
is
enough
money
in
the
operating
budget
that
they
that
we
can
also
have
very
robust
resident
services.
L
So
the
more
we
can
subsidize
our
affordable
housing
and
our
you
know
our
supportive
housing
as
well.
It
does
give
flexibility
for
the
owners
and
managers
to
to
provide
services
with
seniors,
I
think,
especially
with
senior
housing.
We
are
seeing
a
lot
of
good
developments
lately
really
pair
senior
services,
including
mental
health.
L
Sorry,
medical
services
with
stable
housing-
I
think
it
you
know.
One
thing
we
haven't
explored
is-
and
I
think
I
would
love
to
to
do
that
with
you
or
others
that
are
interested-
is
really
look
at
seniors
that
are
living
in
market
rate,
housing
or
seniors
that
are
living
alone
currently
in
their
and
homes
that
they
own,
and
we
we
focus
very
much
on
their
housing
needs,
but
we
don't
necessarily
focus
as
much
and
maybe
emily
could
speak
to
this
on
their
mental
health
needs.
L
N
Yeah,
I
would
just
add
that
that
certainly
we
have
some
resources
for
older
adults
who
are
living
with
mental
health
issues
or
experiencing
kind
of
challenging
times,
but
but
certainly
not
enough.
It's
it's
something
that
we
need
to.
We
need
to
really
focus
on
at
the
age.
Strong
commission
we're
hiring
our
first
behavioral
health
manager
and
we're
really
grateful
to
you
all
and
the
council
and
the
mayor
for
putting
extra
money
in
our
budget.
For
that.
N
We're
excited
to
see
that
the
public
health
commission
is
hiring
a
chief
behavioral
health
officer
and
we're
really
looking
forward
to
figuring
out
how
we
expand
services
for
this
population.
It's
it's
critical
and
it's
one
of
our
priorities
here
at
the
age,
strong
commission.
Q
Thank
you,
chief
dylan
chief
jerry,
thank
you
so
much
I'd,
love
to
collaborate
and
sort
of
iron
that
out
or
think
through
ideas
currently
working
on
the
program
right
now
and
thank
you
council
president,
I'm
so
sorry,
I'm
I
mean
chair.
I
have
to
run
off
to
press
conference,
but
thank
you
so
much.
Everyone.
A
No
worries:
thank
you.
Counselor
lara,
followed
by
counselor
murphy.
J
Thank
you
chair.
I
have
very
little
questions
in
terms
of
the
implementation.
I
think
that
my
colleagues
asked
a
lot
of
the
questions
that
I
had
about
the
homeworld
petition
and
a
little
you
know
some
of
the
nitty-gritty.
Things
will
come
out
in
the
ordinance
creation
process,
and
so
I
think
that
I
will
hold
some
of
my
more
technical
questions
about
implementation.
J
For
that
time,
I
will
say
that,
as
the
representative
of
district
six,
this
is
a
homework
petition
that
I
am
incredibly
supportive
of.
J
We
have
almost
10
000
people
in
between
jamaica,
plain
and
west
roxbury
and
roslindale
in
our
district
who
are
over
65,
and
I
also
represent
a
district,
particularly
jamaica,
plain
in
egleston
square,
who
in
the
last
decade,
has
been
ravaged
by
displacement
and
gentrification,
and
so
I
think
that
the
pairing
of
both
the
transfer
fee
and
the
senior
exemption,
the
expansion
of
the
senior
expansion
program
is
something
that
I
am
supportive
of,
because
I
know
that
it's
going
to
have
a
direct
impact
on
the
residents
of
my
district.
J
I
think
that
it's
a
very
you
know
thinking
about
the
demographics
of
our
city
and
the
impact
that
this
placements
have
had
on
the
city.
It
was
a
very
smart
idea
to
pair
them
together.
I
am
supportive
of
keeping
them
together.
I
think
that
it
does
make
it
a
more
attractive
homework
petition,
and
I
think
that
in
terms
of
strategy,
it
was
a
good
choice,
so
I
think
that
we
should
keep
it
like
that.
J
I
think
it's
representative
and
reflective
of
the
needs
of
the
people
in
my
district,
and
so
I
just
want
to
commend
you
for
the
work
that
you're
doing
and
I'll
get
some
more
of
my
questions
in
the
ordinance
process.
Thank
you.
A
Thank
you,
councillor,
lara
councillor,
murphy
and
then
I'll.
Ask
some
questions
and
I
see
two
hands
up
hand
up
for
councilmember
account
and
hand
up
for
council
edwards.
I
don't
know
if
that's
old
or
new,
but
we
will
do
a
quick
second
round.
So
if
any
of
the
counselors
have
follow-up
questions,
please
raise
your
your
zoom
hand
and
then
I'll
go
to
you.
After
after
I
go
counselor
murphy
the
floor
is
yours.
Thank.
R
You
thank
you,
council
royal,
for
holding
this
meeting
and
for
all
of
the
panelists.
I
don't
have
any
other
questions
I
do
want
to
thank
my
colleagues
going
last
is
either
good
or
bad
right,
but
everyone
asks
some
great
questions
and
definitely
have
some
things
to
think
about
leaving
this
meeting.
But
I'm
glad
that
this
conversation
has
started
and
I
look
forward
to
continuing
this
work.
My
mom,
my
aunts,
I've
many
seniors
in
my
life
who
own
you
know.
R
My
aunt
owns
a
three
family
like
lots
of
different
issues
where
displacement
is
real
and
taxes
and
the
rising
cost
for
seniors
and
displacement
is
something
I
care
a
lot
about.
So
thank
you
for
this
and
I
look
forward
to
continuing
working
with
my
colleagues
and
everyone
involved
in
this
important
work.
A
Thank
you,
councillor,
murphy
and
now,
just
as
many
of
my
questions
were
already
asked,
I
just
think
it's
important
for
folks
who
are
listening,
who
have
followed
this.
This
is
not
a
new
home
rule
petition
it.
It's
actually
gone
through
several
sort
of
variations
of
versions
in
2019.
I
believe
the
council
passes.
This
was
prior
to
me
joining
the
council,
but
I
believe
the
council
passed
this
unanimously.
K
So,
thank
you
councillor
for
that
question.
The
major
difference
is
that
we,
instead
of
two
million
dollars
being
a
trigger
where
all
of
the
value
receives
the
tax,
so
the
fee
on
that
entire
purchase
or
sales
price,
it
will
exempt
the
first
two
million
of
the
purchase
price.
That's
the
major
change
here
that
we're
looking
at
today
in
terms
of
the
fee,
but
of
course
the
the
other
changes,
of
course
pairing
it
with
the
senior
tax
exemption
program
as
well.
A
And
so
just
in
layman
terms
in
that,
in
that
sense,
then
the
2019
was
actually
a
stiffer
tax
than
the
one
that
we're
looking
at
now,
that's
correct,
okay,
so
the
2019
one
that
passed
unanimously
actually
took
more
dollars
on
that
tax
hit
than
this
one
here,
that's
correct
and
how
much
do
we
have
some
idea?
I
know
some
folks
have
asked
about
that.
But
how
much
are
we
talking
about
when
we
talk
about
the
difference
in
projected
revenue.
K
Yes,
so
based
on
2021
sales,
we
would,
if
the
one
percent
fee,
we
would
have
gotten
a
little
bit
less
than
64
million
dollars,
instead
of
a
little
bit
less
than
50
million.
So
there's
about
a
14
million
dollar
change
and
at
2
that's
about
a
28
million
dollar
change
in
what
we
would
get
for
receipts.
A
And
then
how
much
has
the
property
values
in
the
city
of
boston
changed
since
2019,
and
to
now
do
we
have
some
idea
of
how
much
folks's
properties
have
gone
up?
A
I
know
we're
sort
of
in
a
bubble,
so
in
other
words,
if
you,
if
you
were
in
the
home
speculation
or
in
the
flipping
home
market,
even
though
it's
a
pretty
rough
economy
in
other
ways
that
part
of
it
certainly
has
gone
up,
and
so
what
are
we
talking
about
for
folks
in
the
city
of
boston,
from
2019
to
2022
how
much
of
an
evaluation
raised
in
sort
of
the
values
of
homes?
Are
we
seeing
right
now.
K
A
K
A
Okay,
so
so,
basically
the
senior
exemptions
got
what
got
added
in
so
we
got
a
lower
tax
base
and
then
we
have
that
separate
thing
with
the
senior
exception.
Added
to
this,
that's
what's
made
this
package
and
just
as
a
question
because
I
don't
know
the
answer
to
this:
has
the
senior
tax
exemption
ever
come
before
the
body
before.
I
M
So
I
I
don't
know
off
the
top
of
my
head,
like
the
last
time
that
we
made
a
made
a
change.
You
know
we.
There
are
various
times
throughout
the
years
that
we
we
do,
tweak
our
exemption
programs
and
make
changes,
and
some
of
them
are
within
the
confines
of
the
statutes,
and
some
of
them
are
changing
the
statutes
completely
for
for
boston.
M
I
I
know
we've
maxed
out
this
program,
this
41c
program
under
the
current
state
laws,
but
I
don't
know
off
the
top
of
my
head
when
that
class
was
approved,
that
approval
would
have
gone
through
the
city
council.
I
just
can't
remember
what
year
that
would
have
been.
A
All
right,
thank
you,
that's
helpful,
and
then
I
noticed
that
this
version
allows
for
the
state
legislature
to
make
changes
to
the
form
and
substance
in
line
with
general
objectives,
rather
than
the
2019
version
that
got
sent
up
that
only
allowed
them
to
make
some
historical
changes.
What
is
the
thinking
on
that.
L
I
you
know
I've,
we
always
debate
this
and
I'm
sure
you
all
do
too
we're
very
anxious
to
get
something
passed
and
sometimes
it
takes
tweaking.
You
know
a
proposed
bill
to
to
get
it
over
the
finish
line,
so
I
think
we're
we
want
to
provide
some
flexibility
to
to
the
state
legislature.
I
don't
have
a
better
answer
than
that,
but
you
know
it
is
something
we
always
debate.
We
just
don't
want
something
voted
up
and
down.
If
it
could
be,
you
know
change
slightly
and
we
could.
We
could
get
something
passed.
A
Okay,
but
just
to
be
clear
for
the
council.
Basically,
the
inclusion
of
that
means
that
what
we
send
out
could
change
drastically.
If
the
house
decides
they
sort
of
want
to
get
involved
in
tweaking
this
one
where
the
other
so
it
could,
it
could
become.
You
know,
based
on
what
our
views
are
and
what's
a
better
or
worse
bill,
it
could
become
better
or
worse
at
the
house,
because
they're
able
to
either
increase
that
tax
or
change
the
threshold
or
sort
of
tinker
with
it
substantively.
A
I'm
saying
nodding
heads
so
I'm
assuming
that's
just
a
yes
across
the
board.
Okay
and
then
I'm
gonna
go
in
the
order.
I
saw
the
hands:
go
up.
Counselor
louis
jen,
followed
by
counselor
baker.
Counselor
louis
jen
floor
is
yours.
C
Well,
I
was
taking
my
hand
down
next.
You
asked.
Thank
you,
mr
chair.
You
asked
the
exact
same
question.
I
was
gonna
ask
like
that:
flexibility
and
the
language
in
terms
of
our
ability,
the
the
house's
ability
to
change
the
language
of
the
ordinance
just
curious
as
to
why
that
was
added,
because
it
could
be
a
good
thing
or
a
bad
thing
as
you've
explained.
But
I
also
just
want
to
note
from
the
change
between
the
2019
on
a
2.1
million
dollar
property
that
was
sold
under
the
2019
the
state.
C
Would
the
city
would
receive
42
000
in
revenue
and
under
the
current
proposed
change,
with
a
with
a
2
million
exemption,
we'd
only
received
2
000
so
that
folks
can
understand
in
real
dollars
what
that
change
looks
like
in
terms
of
revenue
that
we
could
obtain
from
this
transfer
fee.
I
just
think
it's
worth
noting:
does
it
test
later
in
working
sessions
or
whatever,
but
just
want
to
know
that.
A
H
Counselor
banker
yeah
just
a
quick,
quick
question.
Mr
chair:
are
you
sure
that
2019
vote
was
unanimous?
Do
you
have
it
in
front
of
you.
A
H
A
Was
told
unanimous,
but
I
might
have
been
incorrect
on
that,
and
I
appreciate
the
correction
because,
as
I
noted
I
wasn't
here,
I'm
just
trying
to
get
the
history
of
sort
of
this
document,
that's
in
front
of
us
to
know
how
much
it's
sort
of
evolved
in
what
ways.
So
I
appreciate
that
we'll
look
into
that.
But
for
the
record,
don't
quote
me
that
was
unanimous.
I
just
know
that
it
passed
and
I
think
it
was.
A
It
was
pretty
popular
at
the
time,
so
I'm
just
trying
to
figure
out
where
and
what
we've
changed
in
that
time
frame
and
whether
or
not
you
know
we
consider
that
beneficial
or
not.
At
this
stage,
I
will
say
just
on
on
my
end,
the
I
understand
we
do
struggle
with
this
at
the
city
at
least
I
do
when
we
give
the
state
legislature
sort
of
the
ability
to
pull
out
an
eraser
and
change
the
things
that
I
may
have
liked
about
something
and
make
it
different
that.
A
But
I
understand
why
you
might
want
to
put
that
in
for
a
passage,
but
I
do
think
that's
a
substantial
power
in
this
document
and
just
to
be
clear.
One
final
question:
on
my
end:
they
we've
sent
up.
I
think
two
different
versions
of
this.
They
got
a
2019
version
and
2021
version
correct
at
the
at
the
state
house.
Right
now.
A
K
It
seems
that,
because
of
you,
you've
yourself
said
that
the
2019
version
did
not
have
the
language
that
gave
the
state
house
flexibility.
So
they
would
not
be
substituting
the
2022
language
for
the
2019
language.
So
they
would
be
two
separate
bills,
and
we
would
assume
that,
because
we,
the
current,
if
the
current
council
votes
for
this
and
because
of
the
current
mayor,
supporting
the
new
version
that
the
state
house
would
act
on
the
new
version
and
kind
of
basically
let
the
old
version
laughs.
A
Okay,
so
that
that's
helpful
for
me
just
from
from
how
that
would
work
if
it
goes
up
any,
I
don't
know
if
you
have
any
other
questions,
counselor
baker
or
anyone
else
who's
present
before
I
go
to
public
comment.
A
A
You
thank
you,
counselor
baker
and
so.
C
A
I
think
she's
actually
at
the
press
conference
that
is
happening
right
now
budget,
and
so,
if
you're
there
counselor
edwards,
you
can,
you
can
unmute
jump
in,
but
I'm
gonna
go
to
the
public
testimony
list-
and
I
don't
know
you
know
now,
speaking
to
my
central
staff-
that's
been
incredibly
helpful
in
keeping
this
moving.
I
don't
know
who's
who's
here
on
that
list.
I'm
gonna
go
down
the
list,
the
order.
I
have
it,
but
it
starts
with
richard
gordiano.
A
Then
it
goes
to
lydia
lowe.
Then
it
goes
to
michael
kane
and
then
we'll
go
down
the
rest
of
the
list.
But
if
richard
giordiano's
here
and
I
see
his
hand-
is
up-
if
you
can
keep
your
comments
to
two
minutes
say
where
you're
from
in
the
city
of
boston
or
or
not,
and
what
organization,
if
any
you
represent
or
are
a
member
of
thank
you.
S
S
I
work
at
fenway
community
development
corporation
and
I'm
representing
fenway
cdc
in
this
testimony.
I've
sent
the
council
our
testimony
and
I
will
not
repeat
it
and
in
the
effort
to
be
brief,
because
I've
been
criticized
for
not
being
that
way
before.
S
S
S
I
will
also
try
to
send
the
council
a
study
that
was
done
by
the
institute
for
policy
studies
two
years
ago
on
the
old
transfer
fee,
which
showed
the
ownership
at
one
dalton
and
seaport
pier
four,
and
how
much
of
it
was
actually
owned
by
speculators
and
flippers
and
how
many
hundreds
of
millions
of
dollars
of
sales
went
through
those
two
buildings
alone
and
how
much
it
would
have
generated
had
we
had
a
transfer
fee
back
then
another
thing
to
look
at
in
our
residential
neighborhoods
is
who
owns
the
property
and
who
would
pay
the
fee
and
in
the
case
of
mission
hill.
S
Unfortunately,
the
bulk
of
our
real
estate
has
been
brought
up
by
absentee
investors,
speculators
and
flippers.
I've
done
a
study
on
hillside
street
in
mission
hill
and
out
of
approximately
120
properties.
47
are
owned
by
llc's.
23
are
owned
by
trusts.
Majority
of
the
properties
do
not
take
the
residential
exemption
and
almost
the
bulk
of
them
vast
bulk
are
renting
out
to
students
and
owned
by
investors.
S
S
So
when
we
talk
about
this
fee,
we
really
do
have
to
focus
on
the
reality
of
ownership
in
the
boston
market
and
who
will
pay
the
fee,
and
this
fee
would
actually,
I
think,
helps
stabilize
places
because,
maybe
maybe
flippers
will
think
twice
about
having
to
flip.
As
you
know,
the
issue
of
housing
for
students
and
building
dorms
is
a
very
topical
one
and
it's
spreading
to
more
and
more
neighborhoods
as
the
students
reach
out
to
lower
cost
neighborhoods.
S
So
in
this
fee,
which
would
help
put
in
new
revenue
to
produce
new,
affordable
housing,
we
have
to
see
who
will
pay
it
and
what
will
happen.
So
that's
one
important
point,
and
then
another
thing
to
remember
is
that
this
fee
could
be
a
game
changer
and
could
represent
almost
as
much
money
as
what
is
currently
going
into
the
neighborhood
housing
trust
fund.
S
And
we
also
need
to
remember
that,
essentially,
the
market,
given
the
current
conditions
that
we're
faced
with,
cannot
build
the
housing
that
the
city
of
boston
actually
needs
due
to
rising
costs
due
to
labor
due
to
acquisition
problems
to
financing
the
market
will
produce
housing
where
they
can
make
the
most
profit
and
that's
at
the
luxury
end.
So
how
do
we
produce
the
housing
that
we
actually
need
is
to
have
extra
revenue
generated
to
produce
the
housing
that
the
market
doesn't
want
to
produce
affordable
housing?
So
those
are
the
two
points.
S
I
thank
you
for
the
time.
Wonderful
that
the
council
is
looking
at
this
and
I
look
forward
to
working
with
all
of
you
to
get
this
passed
at
the
state
house.
Thank
you.
A
Thank
you,
mr
giordiano.
I'm
just
going
to
go
through
the
list
of
folks
who
signed
up
for
public
testimony
so
that
you
can
raise
your
hand,
but
also
if
you
are
an
attendee
right
now
and
you
want
to
speak
and
did
not
sign
up
just
raise
your
hand
and
we'll
go
right
to
you.
If
we
can
go
now
to
cap,
I
see
we
got
michael
kane
already
in
so,
if
michael
caine,
if
you
can,
if
you
can
go
now,
thank
you.
O
Sure,
thank
you.
Thank
you.
Counselor.
Thank
you
all
for
holding
this
hearing
on
a
very
important
home
rule
petition
for
the
record.
I'm
michael
kane,
I'm
the
director
of
the
mass
alliance
of
hud
tenants,
and
we
have
been
supporting
this
kind
of
tax
on
transfers
for
proposed
80
at
the
state
house.
So
it's
good
to
see
these
things
are
moving
now.
A
few
things
to
say.
O
First
of
all,
there
is
the
previous
home
rule
petition
just
got
a
favorable
report
by
the
joint
committee
on
revenue,
which
means
it's
moving
and
could
vary
along
with
others,
and
it
could
be
passed
this
session.
So
it's
very
important
to
get
this
home
rule
petition
up
there
and
see
if
the
joint
committee
could
also
endorse
this
or
replace
it
as
a
substitute
for
the
current
bill
because
that's
moving.
O
Secondly,
there
are
other
measures
that
would
also
increase
the
real
estate
transfer
fee,
notably
the
hero,
housing
and
environment
revenue
and
opportunities
coalition,
were
one
of
the
founders
of
that
that
one,
which
would
double
the
fee
and
put
the
money
half
into
climate
and
half
into
housing.
The
extra
money
into
trust
funds
at
the
state
level,
which
means
boston,
would
get
a
portion
of
that
councilor,
former
councilor
murphy.
O
The
current
registrar
testified
two
weeks
ago
that
the
total
amount
of
revenue
generated
by
the
transfer
fees
actually
doubled
last
year
went
up
from
300
million
statewide
to
600
million,
which
means
the
pandemic
has
not
affected
the
flipping
phenomenon
and
the
turnover
phenomenon,
in
fact
it's
increased
and
that
in
boston
in
particular,
as
riccio
ordano
just
mentioned.
O
Most
of
the
revenue
is
actually
coming
from
transfers
of
very
large
industrial,
commercial
and
res
and
office
properties
at
the
seaport
in
downtown
boston
and
once
one
example,
there
was
of
the
money
that,
as
murphy
says,
is
being
left
on
the
table.
O
One
example
is
that
101
seaport
in
the
in
the
seaport
district
was
built
by
skanska,
a
swedish
company
for
142
million
in
2013..
They
flipped
it
two
years
later
to
a
german
company
for
450
million
dollars,
so
that's
a
300
million
dollar
increment,
so
that
was
all
being
the
transfer
fee,
for
that
was
0.456
percent.
O
What
a
wasted
opportunity,
so
they
these
global
companies
can
obviously
that
are
don't
even
aren't
even
in
the
country,
obviously
can
afford
to
pay
a
higher
fee,
and
we
should
tap
that
as
at
every
opportunity.
O
That's
what
we're
talking
about
getting
here
getting
at
here
and
the
home
rule
petition
is
great
in
that
it
exempts
the
first
two
million,
meaning
almost
all
homeowners
or
condo
owners
are
not
going
to
feel
this
at
all,
but
we
want
to
get
at
those
big
those
big
monopoly
transfers
that
are,
you
know,
monopoly
game,
transfers
that
are
going
on
in
the
seaport
in
downtown
billions
and
billions
of
dollars
that
are
trading
hands
that
we're
not
tapping
into
so
they
can
surely
afford
two
percent.
O
I
think
frankly,
they
could
afford
a
lot
more,
but
if
two
percent
we
would
generate
another,
it
was
a
number
90
million
a
year
for
boston.
That
would
be
great,
and
the
last
thing
to
point
out
is
that
the
rupee
does
allow
the
use
of
funds
for
rental,
low-income,
renters
and
the
city
has
created
a
city-rent
subsidy
like
a
federal
section,
eight
or
state
mrvp
for
low
income
renters.
We
advocated
for
that
with
the
city
rent
subsidy
coalition.
O
We
are
hoping
the
mayor
will
double
it
in
this
year's
budget
from
5
to
10
million
a
year,
it's
currently
a
pilot
of
5
million,
but
once
this
gets
established
like
the
washington
dc
local
rent
subsidy
program,
this
revenue
could
be
a
major
source
of
expansion
for
that
program.
So
if,
for
example,
murphy's
right
and
the
amount
of
money
is
actually
going
up,
then
the
amount
that
could
be
generated
extra-
let's
say
it's:
120
million
a
year.
O
If
half
of
that
went
to
a
city,
rent
subsidy,
that's
6,
000,
low-income
renters-
that
could
be
assisted
on
a
permanent
basis
from
this
source
of
revenue
through
the
through
the
boston
housing
authority
program.
So
that's
very
exciting.
If
we
could
get
thousands
of
people
assisted
that
currently
don't
get
it,
we
could
largely
reduce
homelessness
and
take
the
pressure
off
low-income
renters
in
the
city.
O
So
we
strongly
support
this
home
rule
petition
we're
already
working
on
it
at
the
state
house
from
the
last
one
and
and
the
related
statewide
enabling
act
from
the
transfer
fee
coalition.
Also
complementary.
O
So
all
of
these
measures
we
are
supporting
at
the
state
house,
we
look
forward
to
working
with
you
to
get
it
passed.
Thank
you.
A
Thank
you,
mr
kane
next
is,
and
just
see
who
we've
got
put
in
here
next
is
lydia
lowe.
Thank
you.
If
you
are
ready,
the
the
floor
is
yours.
T
T
I
just
want
to
speak
in
support
of
this
home
rule
petition,
as
we
had
also
supported
the
earlier
version
that
was
sponsored
by
councillor
edwards
a
couple
years
ago.
A
real
estate
transfer
fee
on
the
transfer
of
high
value
properties
adds
a
reasonable
fee
to
transactions,
which
is
not
a
significant
burden
and
shared
by
the
buyer
and
seller,
it's
less
than
the
normal
fee
for
a
real
estate
agent,
but
the
result
will
be
millions
of
dollars
in
new
revenues
that
are
desperately
needed
during
this
housing
crisis.
T
And
yes,
I
think
this
is.
This
could
be
a
significant
game-changing
increase
on
our
funds.
You
know
compared
to
what
is
currently
a
71
million
dollar
budget
for
housing,
production
and
preservation,
and
I
particularly
want
to
emphasize
you
know,
as
a
representative.
The
community
land
trust
the
importance
of
these
funds
to
allow
for
more
funding
of
housing
preservation,
keeping
people
in
the
homes
that
they
may
already
have
the
chinatown
community,
land
trust
and
the
greater
boston
community.
T
Land
trust
are
we're
seeking
to
stabilize
our
communities
by
removing
properties
from
the
private
market
into
permanent
affordability.
Here
in
chinatown
we're
creating
permanently
affordable
condo
units
in
some
of
our
historic
brick
row
houses,
the
boston,
neighborhood
community
land
trust
is
working
primarily
in
dorchester
to
keep
tenants
in
place
by
creating
permanently
affordable
rental
units.
T
I
also
wanted
to
say
that
the
tax
relief
for
low
and
moderate
income
seniors
is
an
important
piece
of
this
legislation
as
well
to
ensure
that
we're
helping
seniors
remain,
who
want
to
age
in
place
and
in
community,
and
we
also
believe
that
community
land
trusts
have
an
important
role
to
play
in
that
work
in
working
with
our
senior
population
on
seeking
creative
ways
to
keep
people
in
place
and
also
find
ways
to
keep
long-time
owner
occupied
homes
as
housing
stock
that
can
be
affordable
to
low-income
and
middle-class
renters
and
buyers
in
the
future.
A
Thank
you,
miss
lowe.
Let
me
just
see
who
they
there.
I
see,
mr
vasil.
I
hope
I'm
pronouncing
that
gregory
vasile
is
here.
Mr
basil,
the
floor
is
yours.
U
Thanks,
mr
chairman,
members
of
the
council,
my
name
is
greg
vassell
and
I'm
the
ceo
of
the
great
boston,
real
estate
board,
boston
and
the
commonwealth
of
massachusetts
together
is
facing
a
housing
crisis,
and
we
want
to
work
with
the
council
and
our
mayor
to
help
solve
this
problem.
It's
it's
very
noble,
also
to
be
thinking
of
seniors,
who
face
constraints
with
revenue
and
and
making
ends
meet
in
these
very
difficult
and
inflationary
times.
U
So
we
implied
the
the
the
noble
aspect
of
looking
at
seniors
as
well,
because
that's
a
very
important
part
of
us
as
an
organization
too,
the
community
preservation
act
was
passed
in
the
1990s
and
we
believe
that
that
is
the
appropriate
way
to
go
is
in
terms
of
raising
money
for
affordable
housing.
A
sales
tax
on
housing
and
buildings
is
not
the
way
to
go,
and
that's
the
way
we
view
this
proposal.
It's
clearly
a
sales
tax
on
housing
and
buildings.
U
We
think
that
a
sales
tax
on
land
and
buildings
like
this
will
only
make
the
cost
of
housing
more
difficult
and
more
unachievable
for
more
people.
You
look
at
inflation,
you
look
at
the
cost
of
lending.
You
look
at
property
taxes
which
are
actually
born
more
on
the
commercial
side
than
they
are
on
the
residential
side,
operational
costs,
new
requirements
for
energy
and
climate
change
that
are
coming
down
on
on
properties.
All
these
are
going
to
affect
properties
and
they're,
going
to
drive
costs
even
more.
U
Adding
an
additional
tax
burden
to
this
may
tip
the
balance
in
boston.
We
need
housing
in
boston.
We
will
support
that
and
we
believe
that
wholeheartedly,
but
at
some
point
a
developer
or
owner
may
decide
to
take
their
business
elsewhere.
Thank
you
for
this
opportunity
to
speak.
I
want
to
be
respectful
of
my
two
minutes
and
we
look
forward
to
working
with
you
in
working
sessions
and
in
the
future
on
this
issue.
Thank
you.
Thank
you.
V
Thank
you
very
much.
Counselor
royal
and
mr
chairman,
shall
I
say,
and
the
count
and
also
the
city
council
members
as
well,
and
the
members
of
this
committee.
My
name
is
melvin
aviera
jr.
I
am
a
real
estate
agent
with
re
max
destiny
in
boston,
and
I
have
been
volunteering.
I
am
actually
volunteer.
Member
of
the
greater
boston
board
of
realtors,
and
I
am,
I
also
have
the
honor
to
be
the
president
of
the
real
estate
division.
V
I
live
and
I
born
and
raised
in
boston
for
over
30
years,
and
when
I
moved
back
to
boston
25
years
ago
I
started
selling
homes
in
the
price
range
of
the
homes
were
at
twenty
five
thousand
to
a
hundred
thousand
dollars
and,
as
time
has
gone
on,
the
prices
have
gone
up,
but
that
has
not
put
a
damper
on
the
demand
for
homes,
especially
here
in
boston.
V
People
who
think
they're
not
going
to
be
effect
be
affected.
They
will
by
this
proposal,
and
it
and
it
will
definitely
do
could
could
do
harm
to
them.
What
the
bonus
don't
understand
is
that
when
house,
when
a
house
is
for
sale,
it
doesn't
necessarily
mean
people
are
selling,
because
they
can,
they
can
make
a
huge
profit.
We
represent
people
that
are
dealing
with
death,
divorce,
medical
problems,
financial
issues
and
other
issues
that
are
personal,
emotional
and
costly.
V
V
There's
an
assumption
from
these
proponents
a
very
wrong
assumption
that
every
homeowner
is
selling
a
home
to
make
hundreds
of
millions
of
dollars
and
for
profit.
The
reality
is,
it's
quite
opposite.
I
have
represented
thousands
of
sellers
over
my
career
and
many
people
are
selling
their
homes,
not
to
walk
away
with
a
huge
profit.
V
One
of
the
examples
that
I
can
give
you
is,
I
have
clients
that
have
sold
their
homes
matter
of
fact,
just
recently
and
it's
funny
after
I
said
I
sold
homes
at
25,
000
now,
they're
selling
them
at
a
million
five
three
families,
and-
and
that's
just
in
that's
dorchester,
and
if
the
property
batteries
continue
to
go
up
in
a
little
while
as
they
are,
they
could
run
up
over
two
million
dollars
plus,
as
you
can
see,
and
the
thing
is,
these
people
are
using
their
money,
okay
to
over
time
right
now,
to
refinance
to
to
renovate
their
properties,
to
redo
the
repairs
and
also
to
put
their
children
through
school
and
also
possibly
pay
medical
bills
and
they're
also
paying
the
state
stamp
tax.
V
The
and
they're.
Also
when
they
sell
they
have
the
medic.
They
have
the
tax
gain
that
they're
gonna
have
to
hit
and
the
federal
capital
gain,
as
well
as
normal
lifestyle
expenses.
So
if
you
really
look
at
it,
they're
not
really
walking
away
with
that
two
million
dollars.
Okay,
they're
gonna
be
walking
with
a
lot
less
over
time
as
much
money's
blood,
sweat
and
tears
that
they
have
put
into
it.
V
This
could
also
impact
the
foreclosure
and
short
sale
homeowners,
attempting
to
avoid
foreclosure
or
selling
their
home
for
less
than
the
outstanding
mortgage
will
face
new
burdens
just
to
sell
their
home
for
those
with
a
little
or
no
equity
in
their
home.
These
transfer
taxes
could
force
sellers
to
sell
for
shorter
than
what
that
number
is.
V
I
want
to
thank
everybody
here
for
allowing
me
to
testify
and
speak
on
it,
and
we
do
look
forward
as
the
greater
boston
board
of
realtors
and
as
being
the
president
to
work
in
the
working
sessions
and
to
be
there
for
you
to
answer
any
questions,
and
I
thank
you
very
much
for
giving
me
this
time
and
I
will
now
go
ahead
and
relinquish
my
time.
Thank
you.
A
Thank
you,
mr
mike
edwards.
The
floor
is
now
yours.
W
Chairman
arroyo
and
members
of
the
committee,
thank
you
for
giving
me
the
opportunity
to
testify
today.
My
name
is
mike
edward
and
I
am
president
of
perry
cre,
which
is
a
boston-based
commercial
brokerage
and
consulting
firm,
I'm
here
today,
in
my
capacity
as
a
volunteer
and
also
as
the
2022
treasurer
of
the
greater
boston
real
estate
board,
I
have
over
35
years
experience
in
the
in
the
commercial
real
estate
industry
here
in
boston.
W
You
know
passing
a
real
estate
transfer
attacks
for
that
group
is
counterproductive
at
any
time,
but
in
the
middle
of
a
global
pandemic.
It's
especially
egregious
you
know
we're
experiencing
a
period
of
uncertainty
and
caution
in
the
commercial
real
estate
market.
Many
tenants
in
these
buildings
of
these
small
landlords
that
have
struggled
to
pay
the
bills
during
the
pandemic.
W
If
just
you
know,
as
it's
worn
on
just
decided
to
shut
their
doors
and
that
puts
pressure
on
these
landlords
to
keep
their
mortgage
payments
going,
you
know
the
average
daily
office
occupancy
people
actually
coming
to
the
office
right
now
in
downtown
boston
is
around
only
10
to
15
percent
commercial
landlords
have
been
struggling
in
the
face
of
you
know
these
misrent
payments
and
eviction.
Moratoria
attacks
like
this
just
seems
especially
onerous
to
someone
who's.
W
You
know
hurting
and
maybe,
as
melvin
said,
even
with
some
of
the
you
know,
residential,
you
know,
they're
feeling
a
pressure
to
sell,
maybe
in
face
a
foreclosure
or
even
a
short
sale
and
then
looking
at
have
to
pay
this
tax
and
which
they
will
have
to
pay,
because
even
the
smaller
landlords,
as
we
know
these
office
buildings
even
on
the
smaller
side,
are
always
well
in
excess
of
two
million
dollars
in
value.
W
You
know
the
operation
of
commercial
office
buildings
is
a
major
source
of
economic
activity
in
boston.
You
know
the
jobs
that
these
buildings
provide.
You
know
basically
have
economic
benefits
flowing
as
they
as
they.
You
know
as
they
operate
over
the
years
when,
when
a
building's
being
built
under
construction,
you
know
the
benefits
flow
to
the
city,
but
once
that's
complete,
they
stop,
whereas
these
buildings,
you
know-
and
you
know,
provide
the
the
economy's
vitality
they
create
new
jobs.
W
They
contribute
year
and
year
year
after
year
to
the
local
tax
base.
I
I
point
to
the
same
thing
that
that
greg
vassell
and
melvin
did
you
know
that
the
community
preservation
act,
I
think,
is
the
way
to
go
to
fund,
affordable
housing
right
now.
I
think
it's
at
one
percent
has
the
ability,
through
the
voters,
to
go
up
to
three
percent,
and
I
think
that's
the
way
that
these
you
know
that
these
funds
should
be
raised.
W
You
know
the
other
thing
is
these
taxes
this
this
transfer
tax
can't
be
financed.
So
you
know,
if
you're
it's
going
to
cost
thousands
of
dollars
at
a
closing,
either
from
the
buyer
or
taken
from
the
seller's
proceeds.
You
know.
W
Lastly,
I
just
think
a
new
sales
tax
would
add
time,
expense
and
complication
to
an
already
complicated
transaction
and
in
an
especially
complicated
time
right
now
that
we're
that
we're
in
as
we
come
out
of
this,
hopefully
as
we
come
out
of
this
pandemic,
thank
you
for
the
opportunity
to
testify
before
you
today.
A
Thank
you
very
much,
mr
edwards,
but
we
can
now
go
to
marley
federick.
I
don't
know
if
they
are
here.
X
Thank
you
well
good
morning.
Everyone
thank
you
for
allowing
us
to
speak
today.
My
name
is
marlee
federick
and
I
am
the
senior
organizer
at
boston,
tenant
coalition
and
the
btc
is
a
coalition
of
grassroots
tenants,
neighborhood
groups,
community
development
corporations
and
homeless
and
advocacy
organizations
that
promote
affordable
housing
in
boston.
X
We
currently
anchor
ctab,
also
known
as
coalition
for
truly
affordable
boston
and
the
cac
which
stands
for
community
advisory
committee
for
affirmatively
furthering
fair
housing.
We
were
successful
in
the
passage
of
the
idp
linkage
home
rule
last
session,
working
closely
with
the
city
and
housing
and
job
and
labor
allies.
X
We
are
also
part
of
the
loja
coalition,
which
stands
for
local
option
for
housing,
affordability,
which
is
the
statewide
transfer
fee
coalition,
representing
a
diverse
range
of
cities
from
somerville
cambridge
to
concord,
northampton
martha's,
vineyard
and
nantucket,
and
that
has
over
80
diverse
groups
supporting
including
most
recently
mass
general
brigham
and
the
sheriff's
association.
X
Low
aloha
has
a
statewide
local,
enabling
legislation
as
well
as
11
home
rule
petitions.
Currently
that
have
moved
out
of
the
house
committee,
and
we
think
this
is
very
hopeful
news
in
advancing
the
boston's
transfer
fee
bill
in
the
future.
Today,
the
boston
tenant
coalition
would
like
to
announce
our
support
for
mayor
who's
homo
petition.
These
accumulated
funds
would
raise
millions
of
dollars
towards
affordable
housing,
as
well
as
provide
property
tax
relief
to
senior
boston
residents.
You
know
we
all
know
the
exacerbating
effects
covered.
X
19
has
left
on
our
dire
housing
crisis.
It
has
ravaged
our
community
and
continued
to
perpetuate
displacement
of
long-time
residents
myself
included
today.
Nearly
50
percent
of
boston's
renters,
as
well
as
27
percent
of
homeowners,
are
cost
burdened,
and
that
is
spending
more
than
one-third
of
your
income
on
housing
in
boston.
We're
nearly
half
the
by
population
income
is
mainly
at
60,
ami
or
lower,
with
with
equity
of
eight
dollars.
X
Those
funds
would
prioritize
community
stabilizing
house
development
by
fine
by
funding
the
creation
and
preservation
of
affordable
housing
and
meeting
the
desperate
housing
need
in
the
greater
number
of
low-income
households,
as
well
as
moderate
households.
Not
only
would
this
legislation
provide
funding
for
deeply
affordable
rental
units,
but
if
passed,
it
would
expand
eligibility
to
approximately
8
700
senior
homeowners,
who
sorry
homeowners
were
almost
50
percent,
are
severely
house.
X
Supporting
this
legislation
will
address
disparities
in
housing,
access
and
displacement
through
an
equitable
and
sustainable
source
of
funding
again
boston
tenant
coalition
would
like
to
declare
our
support
of
the
homework
petition
and
we
look
forward
to
the
swift
passage
in
the
city
council
and
then
the
state
house,
and
thank
you
for
your
support
and
we
look
forward
to
working
together
to
make
this
a
reality.
Thank
you
for
your
time.
A
Thank
you
karen
chen.
The
floor
is
now
yours.
Y
Thank
you.
Thank
you.
Chairman
arroyo,
a
member
of
the
council
and
council
president
flynn,
who
represents
chinatown.
My
name
is
karen
chen,
I'm
with
the
chinese
progressive
association.
Y
We
a
grassroots
community
based
organization
located
at
20
ash
street,
and
we,
you
know,
serve
mostly
immigrant
families,
low-income,
you
know
who
are
low-wage
workers
and
also
low-income
seniors.
You
know
this
is
not
the
first
time
that
I
actually
testified
in
support
of
a
transfer
fee.
We
have
talked
about
this
for
many
many
years,
and
this
is
something
the
chinese
progressive
association
and
members
support
greatly,
and
you
know,
and
and
I'm
not
going
to
say
more
about
kind
of
like
you
know
what
chinatown
has
been
facing.
Y
I
think
we
have
heard
it
over
and
over
again
you
know
the
impact
of
gentrification.
You
know
intense
real
estate,
development,
land
speculation,
making
housing
unaffordable
and
impacting
mostly
low-income
residents.
I
think
someone
said
earlier
that
boston
has
a
housing
crisis.
No
boston
has
an
affordable
housing
crisis.
There
are
housing.
Y
The
question
is
whether
or
not
people
can
afford
to
live
there,
and
also
I
want
to
remind
everyone
that
we're
talking
about
property
that
are
over
two
million
dollars,
two
million
dollars
and-
and
I
have
to
say
personally,
I
like
actually
the
2019
version
better,
because
I
think
that
actually
will
help.
You
know
more
people,
but
I
think
what's
more
urgent
is
that
we
pass
something
you
know
we
have
to
not
only
the
city
council
should
pass
this,
but
really
get.
Y
You
know
the
state
legislature,
leaders
on
board
as
well-
and
I
know
that
last
year's
version-
just
you
know
we
put
it
out
of
committee
favorably
if
there's
a
way
that
actually
can
amend
it.
You
know
and
get
it
you
know
passed
sooner.
I
would
like
that,
but
I'll
let
you
know
the
city
to
you
know,
work
on
that
and
we
were
happy
to
support,
but
I
think
that
you
know
like
we.
Y
You
know
what
we
are
seeing
is
that,
like
just
this
is
example,
one
property
in
chinatown,
okay,
on
tyler
street,
it
was
you
know,
marketed
at
two
something
million
dollars
right.
The
owner
actually
decided
to
buy
it
out
to
outbid
people
at
3
million,
now
they're
selling
at
4.2
million.
You
know
this
is
what's
happening.
Y
Y
Y
You
know
who
are
home
owners
or
seniors,
but
I
really
support
the
spirit
of
the
you
know:
the
the
exemption
for
the
seniors
so
that
they
can
actually
age
in
place,
and
I
would
say
that
you
know
we
can
have
this
debate
over
and
over
again,
and
I
think
what's
important
is
that
we
get
this
pass
and
actually
you
know,
get
the
money
that
we
need
for
affordable
housing.
A
Thank
you
count
chen
next.
If
we
have
catherine
martinez
here,
the
floor
is
yours.
Z
Hi,
I'm
sorry,
I'm
muting,
hello,
everybody
sherman
arroyo,
members
of
the
committee,
thank
you
for
the
opportunity
to
testify
regarding
the
petition
for
special
on
that
to
further
leverage
commercial
development
to
build
housing,
create
jobs
and
preserve
inclusionary
development
sponsored
by
michelle
wu.
I'm
here
both
catherine
martinez
as
the
director
of
economic
development
for
the
mass
association
of
community
development
corporations,
but
also
as
a
resident
of
boston,
just
to
express
a
strong
support
for
this
petition.
Z
Macdc
represents
20
cdc's
in
the
city
of
boston,
which
collectively
have
built
over
8
000,
affordable
homes
across
the
city.
Our
members
are
governed
by
local
residents
who
serve
on
their
board
of
directors.
Cdc's
in
boston's
are
dedicated
to
long-term
affordability,
high
quality
property
management
and
robust
resident
services.
We
make
a
strong
commitment
to
hiring
firms,
contractors
and
subcontractors
that
are
owned
by
people
of
color
and
women
and
are
committed
to
hiring
community
residents
and
people
of
color
for
their
construction
project.
Z
Significantly.
We
recycle
our
developer
fees
and
other
earned
revenue
into
further
community
programming
and
services.
Boston
is
a
national
leader
in
affordable
housing,
with
over
one-third
of
our
rental
housing
stock
reserve.
For
people
of
low
and
moderate
incomes
in
total,
the
city
has
more
than
54
000
homes,
with
long-term
affordability,
restrictions,
a
portfolio
made
possible
by
the
years
of
investment
and
hard
work
by
many
people
and
institutions.
Z
Yet
we
know
that
we
have
much
more
work
to
do.
According
to
the
most
recent
greater
boston
housing
report
card,
25
of
households
in
suffolk
county
pay,
more
than
half
of
their
income
for
housing,
and
we
know
from
prior
research
by
the
city
of
boston
in
2018
that
more
than
35
000
of
those
households
are
low-income,
non-student
households
in
the
city
of
boston.
We
also
know
that
we
have
one
of
the
largest
racial
homeownership
gaps
in
the
country
and
we
continue
to
have
thousands
of
people
who
are
without
any
stable
housing
at
all.
Z
Z
Z
This
petition
will
help
us
do
just
that
by
enabling
the
city
to
impose
a
transfer
tax
on
certain
real
estate
transactions
in
the
city
of
boston.
The
proposal
is
well
designed
to
secure
revenue
from
those
who
can
afford
it
and
protect
lower
income
and
senior
homeowners
who
rely
on
their
home
equity
for
financial
security.
Z
The
rapid
rise
in
real
estate
value
in
recent
years
is
the
result
of
collective
actions
taken
by
the
city
and
its
residents
to
make
boston
an
attractive
place
to
live,
work,
learn
and
play.
Currently.
Private
land
owners
reap
the
full
benefit
of
these
improvements
as
they
capture
and
keep
the
wealth
being
generated.
A
transfer
tax
ensures
greater
fairness
and
equity
in
using
some
of
that
added
wealth
to
fund
the
affordable
housing.
Our
city
desperately
needs
by
taxing
the
real
estate
during
the
transfer
of
ownership.
Z
The
tax
approximately
protects
long-term
owners
and
places
a
heavier
burden
on
those
buying
and
selling
properties.
Frequently
and
after
shorter
time
periods.
Macdc
is
also
pleased
to
see
the
petition
include
added
protections
for
senior
homeowners
who
are
struggling
to
pay
rising
property
taxes.
We
know
that
this
is
a
critically
important,
especially
for
those
on
fixed
incomes.
So
I
would
like
to
thank
you
all
for
the
opportunity
to
testify
in
support
of
this
proposal
and
at
mecdc
we
stand
ready
to
work
with
the
council
and
other
elected
officials
to
move
forward.
A
AA
Sure
thanks,
my
name
is
barry
friswold
and
thank
you
chairman
arroyo
and
council
members.
I
appreciate
the
time
to
speak.
I
don't
have
a
fancy
title
like
lots
of
the
people
on
this
call
today,
and
I
appreciate
all
your
professional
inputs,
I'm
just
a
resident
here
in
the
south
end.
AA
I
live
in
a
development
that
what
I
would
call
is
a
really
successful
development,
that's
about
a
third,
low-income
home
rental
and
a
third
limited
income,
first
time
or
home
buyer
and
then
a
third
market
rate
and
it's
a
really
successful
development
and
I
feel
like
it
really
helps
the
south
end
and
my
neighbors
kind
of
fulfill
living
in
a
mixed
income,
mixed
racial,
mixed
economic
opportunity-
and
I
love
living
here
and
I
think,
we're
a
great
example
of
what
we
should
have
more
throughout
the
city.
AA
I
really
like
this
proposal,
I'm
not
a
big
fan
of
rent
control.
I
think
that's
kind
of
an
antiquated,
been
there.
We've
done
that
and
it's
not
effective,
but
what's
on
the
table
today
is
an
innovative,
really
progressive
thinking
and-
and
I
love
how
you've
broken
it
down
to
help
both
the
elderly
homeowners.
As
well
as
regular
home
protections,
it's
a
great
idea.
AA
Some
of
the
things
that
come
to
mind,
though,
is
that
before
we
go
spending
money
on
new
initiatives
and
by
the
way
I
totally
support,
we
do
need
it,
but
I'd
also
like
to
see
some
accountability
as
what
we've
already
spent.
So
I
know
that
existing
developers
have
to
put
in
set-asides
or
put
some
money
aside
for
that
income
and
I'm
guessing
some
of
you
on
the
call
you
know
know
where
that
money's
gone,
but
I'd
like
to
see
where
those
units
have
been
spent
where
it
was
built.
AA
I
know
some
people
who
are
actually
in
restricted
income
in
fancy
buildings,
like
one
clarinet
great.
You
know
it's
probably
needed
to
be
more
and
but
I'd
like
to
see
like
where
that
money
has
gone
statistically
and
in
what
neighborhoods,
because
we're
already
spending
that
money.
AA
The
other
thing
is
I'd
like
to
see
where
some
of
the
net
increase
in
housing
has
gone,
and
I'm
hopeful-
I
don't
know
this,
but
there's
so
many
more
units
of
housing
where
just
down
the
block
for
me
in
inkblot
around
whole
foods.
Hundreds
of
units,
I
doubt
they're,
affordable,
but
I
might
be
wrong.
You
know
the
seaport
is
another
example
all
along
southie,
the
warehouse
district.
AA
There
is
net
increases
of
housing,
big
housing
units
throughout
the
city,
and
my
guess
is
that
took
what
5,
10
15
20
years
ago,
went
from
this
available
units
of
housing
to
this
level.
Well,
that's
income!
That's
that's!
Rentals!
That's
developers!
That's
income,
tax
income
to
the
city
and
I'm
hoping
that
part
of
our
budgeting
is
yeah
as
we're
getting
that
increased
income.
It's
also
going
to
housing
shouldn't
have
to
be
a
new
initiative.
AA
We
should
just
always
be
spending
part
of
our
our
coffer
of
income
to
those
things,
so
so
that
that
being
said,
I
just
I'd
like
to
see
some
accountability
for
the
past.
I
like
that
in
this
proposal,
you're
saying
yep
and
we're
going
to
be
accountable
for
this
new
money,
we're
going
to
publish
reports
and
where
those
the
housing
is
going
and
who's
being
helped.
AA
I
I
love
that
that's
in
there
I
love
that
you've
got
the
two
million
dollar
exemption
because
to
some
of
the
people
who
are
not
in
favor
of
the
bill
today,
I
think
that
really
helps
sort
of
say:
yeah,
it's
not
blanket.
Gonna
hurt
everybody
we're
accommodating
that.
You
know
what
used
to
be
a
million
dollars
in
this
city
or
two
million
dollars.
AA
Isn't
that
much
anymore
for
a
lot
of
people.
So
thank
you
for
carving
that
out
and
I
think
that
helps
us.
You
know
in
the
real
estate
market
look
and
say:
yep,
it's
not
just
a
blanket.
You
know
we're
unfriendly
to
development.
We're
carving
this
out.
So
that's
great
richard
jordano
raised
a
good
point
and
I
just
want
to
piggyback
on
it,
and
that
is
how
do
we
make
sure
that
developers
and
investors
like
vrbo
and
airbnb
and
flippers
people
who
aren't
living
there?
AA
Are
there
some
things
that
we
can
put
in
the
provision
that
says
yeah?
I've
lived
in
my
house
for
five
or
more
years,
and
I
am
the
primary
investor
and
I
therefore
am
worthy
of
of
an
exclusion,
whereas
somebody
who's
not
been
there.
Heck
I
say
they
don't
even
deserve
the
two
million
dollar
exclusion
you
know,
but
but
really
we're
trying
to
protect
those
people,
so
I
did
send
some
written
testimony.
I
probably
could
talk
a
lot
more
about
it.
A
Thank
you,
mr
friswalt.
I
don't
know
if
there
are
any
other
attendees,
that's
all
the
folks
who
signed
up
for
public
testimony
if
there's
anybody
who
has
not
actually,
as
I
look
through
it,
I
see
that
every
single
person
there
has
spoken,
and
so
I
want
to
thank
all
of
the
folks
who
testified
today
and
gave
public
comment
today
for
sticking
through
this
hearing
and
making
sure
they
were
heard.
I
want
to
thank
the
administration.
A
Thank
you
for
your
time
and
thank
you
for
your
answers
and
clarity,
and
I
want
to
thank
my
fellow
counselors.
We
almost
had
a
full
house
today,
so
thank
you,
everybody
for
your
interest
in
this
and
your
your
probing
questions,
and
that
makes
this
stuff
better.
So
thank
you,
everybody
with
that.
I'm
going
to
adjourn
this
hearing.
Thank
you.