The Greater Boston Real Estate Board (GBREB) is opposing a proposal in Governor Maura Healey’s housing bond bill that would allow cities and towns to impose a tax of between 0.5 percent and 2 percent on real estate transactions of $1 million or more. The measure aims to fund affordable housing and has support from housing and some business groups, as well as municipalities statewide. However, GBREB argues that it would raise housing costs without providing reliable revenue streams. The group plans to launch a campaign including online advertising, text messages, and phone calls to legislators to urge them to reject the proposal, which is currently being considered by the House of Representatives.
State Real Estate Group Targets Healey’s Housing Tax Proposal
