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7.14.16 Attention REALTORS® - Home Energy Scoring Bill Hangs in Balance

After being passed in both the House and the Senate, the Home Energy Scoring and Labeling bill is now before a specially-appointed conference committee for final consideration. Although the version passed by the Massachusetts House was more acceptable from the REALTOR® perspective, serious issues remain in the Senate version which includes a mandatory energy audit before a house could be listed for sale, potentially lowering the market value of a home earning a lower score. Low and moderate income homeowners would be hardest hit by this requirement.

Click here to act now to let your legislators you oppose the energy audit provisions in the Senate version of the bill and to ask them to make it clear to members of the energy diversity conference committee that mandatory energy scoring and labeling should not be included in the final energy legislation.

Please click here to contact your state representative today about this important issue.
 

Click here for more information on this important bill.


 

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5.27.16 More Apartments Proposed for Rantoul Street

A large number of high-rise buuilding is being planned for the former Friendly's resaurant site at 480 Rantoul Street in Bevely. The proposed five-story L-shaped structure will house 90 residences and approximately 1,900 square feet of retail and commercial storefront. Beverly Crossing LLC , a joint venture involving Windover Development is heading up the project which is expected to be completed by 2018.

Read the entire Beverly Citizen article here.

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5.11.16 Lynn, MA Development Led by Lynn Economic Advancement and Development (LEAD)

 Lynn, MA
Recently, a Lynn leadership team met to discuss ongoing economic development projects in Lynn and map out future plans for growth and job creation.
The team’s official name is the Lynn Economic Advancement and Development (LEAD) and is made up of the following:
  • Congressman Seth Moulton (D-MA)
  • Secretary of Housing and Economic Development - Jay Ash
  • Secretary of Energy and Environmental Affairs - Matthew Beaton
  • Secretary of Transportation - Stephanie Pollack
  • Mayor Flanagan Kennedy
  • State Senator - Thomas M. McGee
  • State Representatives: Lori Ehrlich, Donald Wong and Brendon Crighton
The LEAD team was launched in November 2015 as a cross-governmental working group aimed at promoting community revitalization in Lynn by aligning economic development initiatives at the local, state, and federal levels. Designees meet monthly to review projects and progress, and core team members meet quarterly.  “When you consider the factors that drive economic development and community revitalization, Lynn has them all,” said Moulton. “From its location and transportation links to Boston, to its waterfront spaces and hardworking community, Lynn has enormous potential.”
LEAD  has been able to expedite progress on economic development priorities. Current Lynn projects include:
  1. A potential $90 million, 348-unit, mixed-use development at the former Beacon Chevrolet site - also known as the North Harbor site
  2. A potential 1200-unit housing development on a former GE Riverworks site
  3. A 250-unit luxury apartment building at the South Harbor site on the Lynnway.
Since its launch, the LEAD team has worked to coordinate community planning efforts, and enable expedited permitting and development on underutilized real estate parcels.
Read the entire press release from the Commonwealth of Masscahusetts’s Housing and Economic Development office of the Executive Office of Housing and Economic Development (EOHED) department:  http://www.mass.gov/hed/press-releases/ma-leaders-discuss-economic-development-in-lynn.html

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5.4.16 Sagamore Hill (Hamilton, MA) Conservation Grant

Energy and Environmental Affairs

Sagamore Hill, a 525 acre property in Hamilton, MA that encompasses farmland, and various wildlife habitats has been awarded a preservation landscape partnership grant of more than $1 million to conserve 340 acres of open space.

The award was announced, during earth week, by the department of Energy and Environmental Affairs (EEA).  The Essex County Greenbelt Association, Trust for Public Land, Town of Hamilton, and Hamilton Wenham Open Land Trust will administer the grant.

EEA’s Landscape Partnership Grant Program was created in 2011 to facilitate large acreage land conservation projects that sustain the integrity and resilience of ecosystems, enhance the viability of farm and forest economies, and expand public outdoor recreational opportunities, while expanding partnerships among state, municipal and non-profit entities. The grant program encourages a partnership between local communities and non-governmental organizations with interest in large landscape-scale land protection investments.

“The acquisition of over 340 acres of the Sagamore Hill property will not only benefit the people of Hamilton, but the entire region, by ensuring additional land is conserved for natural habitats and for the public to use,” said Department of Conservation and Recreation Commissioner Leo Roy.

Read the entire Energy and Environmental Affairs presss release.

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4.21.16 Plans for Kinder Morgan Pipline Withdrawn

The controversial Kinder Morgan gas pipline project slated for contstruction through several North Shore communities has been taken off of the table. Homowners in opposition to the project have been voicing their concerns at a number of public forums accross the North Shore. In addition, the company said that not enough large customers had signed on to make the $3+ billion project viable.   Click here for more details in an article by the Boston Globe.

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4.21.16 Solar Panels - Issues REALTORS® Should Consider

Buying or selling a home with solar panels installed raises specific issues that REALTORS® should address with their customers and clients.

Click here to read the latest on the subject from the Massachusetts Association of REALTORS®.

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