| 1 | 1 | | 1 of 1 |
|---|
| 2 | 2 | | HOUSE DOCKET, NO. 3370 FILED ON: 1/17/2025 |
|---|
| 3 | 3 | | HOUSE . . . . . . . . . . . . . . . No. 1279 |
|---|
| 4 | 4 | | The Commonwealth of Massachusetts |
|---|
| 5 | 5 | | _________________ |
|---|
| 6 | 6 | | PRESENTED BY: |
|---|
| 7 | 7 | | Steven Owens |
|---|
| 8 | 8 | | _________________ |
|---|
| 9 | 9 | | To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General |
|---|
| 10 | 10 | | Court assembled: |
|---|
| 11 | 11 | | The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying |
|---|
| 12 | 12 | | resolve: |
|---|
| 13 | 13 | | Resolve creating a special commission on affordable housing insurance. |
|---|
| 14 | 14 | | _______________ |
|---|
| 15 | 15 | | PETITION OF: |
|---|
| 16 | 16 | | NAME:DISTRICT/ADDRESS :DATE ADDED:Steven Owens29th Middlesex1/17/2025Vanna Howard17th Middlesex3/9/2025 1 of 2 |
|---|
| 17 | 17 | | HOUSE DOCKET, NO. 3370 FILED ON: 1/17/2025 |
|---|
| 18 | 18 | | HOUSE . . . . . . . . . . . . . . . No. 1279 |
|---|
| 19 | 19 | | By Representative Owens of Watertown, a petition (accompanied by resolve, House, No. 1279) |
|---|
| 20 | 20 | | of Steven Owens and Vanna Howard for an investigation and study by a special commission |
|---|
| 21 | 21 | | (including members of the General Court) to develop statutory and regulatory framework to |
|---|
| 22 | 22 | | address the setting of rates by insurance companies for properties with affordability restrictions. |
|---|
| 23 | 23 | | Financial Services. |
|---|
| 24 | 24 | | The Commonwealth of Massachusetts |
|---|
| 25 | 25 | | _______________ |
|---|
| 26 | 26 | | In the One Hundred and Ninety-Fourth General Court |
|---|
| 27 | 27 | | (2025-2026) |
|---|
| 28 | 28 | | _______________ |
|---|
| 29 | 29 | | Resolve creating a special commission on affordable housing insurance. |
|---|
| 30 | 30 | | 1 Resolved, that there shall be a special commission established to develop a statutory and |
|---|
| 31 | 31 | | 2regulatory framework to address the setting of rates by insurance companies for properties with |
|---|
| 32 | 32 | | 3affordability restrictions and properties where tenants use vouchers to pay part or all of their rent. |
|---|
| 33 | 33 | | 4The commission shall report its findings, including any proposed legislation, to the house and |
|---|
| 34 | 34 | | 5senate committees on ways and means, the joint committee on financial services and the joint |
|---|
| 35 | 35 | | 6committee on housing no later than December 31, 2026. |
|---|
| 36 | 36 | | 7 The commission shall consist of 10 members including: 1 member of the house of |
|---|
| 37 | 37 | | 8representatives appointed by the speaker of the house; 1 member of the senate appointed by the |
|---|
| 38 | 38 | | 9senate president; the commissioner of insurance, or a designee, who will act as chair; the |
|---|
| 39 | 39 | | 10secretary of the executive office of housing and livable communities, or a designee; the attorney |
|---|
| 40 | 40 | | 11general, or a designee; 1 of whom shall be a representative from the Citizens' Housing And |
|---|
| 41 | 41 | | 12Planning Association; 1 of whom shall be a representative from the Massachusetts Association |
|---|
| 42 | 42 | | 13of Community Development Corporations; 1 of whom shall be a representative from the 2 of 2 |
|---|
| 43 | 43 | | 14Builders of Color Coalition; 1 of whom shall be a representative from the National Association |
|---|
| 44 | 44 | | 15of Industrial and Office Properties Massachusetts; and 1 of whom shall be represent an insurance |
|---|
| 45 | 45 | | 16trade association. |
|---|