HOUSING

Massachusetts Governor Charlie Baker.
Sam Doran / State House News Service

In Boston this week, families and shelter providers from around Massachusetts will ask Governor Charlie Baker to put another $30 million for rental housing vouchers in his proposed budget.

Massachusetts State Sen. Eric Lesser introduced a bill that would pay people to move to western Massachusetts.
Sam Doran / State House News Service

A bill introduced in the Massachusetts state Senate would create a financial incentive for people to relocate to the state's western region.

Whenever you sell property in Massachusetts, the state makes you pay an excise tax. On a $500,000 home, that comes out to just under $2,300.

But now Gov. Charlie Baker has proposed increasing that tax to raise another $137 million each year, for the purpose of strengthening the state’s defenses against climate change.

For more than a decade, the impact of sea level rise and tidal flooding has been making waves on the real estate market of coastal New England, costing homeowners more than $400 million in lost value.

That’s according to a report from First Street Foundation, a Brooklyn-based nonprofit that studies the impact of sea level rise and flooding.

Now about four weeks into the government shutdown, the federal agency that distributes housing dollars is closed for business. That’s causing some people in Massachusetts’ affordable housing sector to develop contingency plans.

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