The latest information about the association, our brokerage community, and the real estate industry.
September Real Estate Developments
Collection of real estate development articles for the month of September.
Property Tax Exemption for Salem ADU Homeowners
On September 23, 2022, Governor Baker signed bill H.4300 into law, granting Salem homeowners the opportunity to apply for an ADU property tax exemption.
Salem Home Rule Petition to Participate in Pilot Program
The Salem City Council unanimously voted to submit a home rule petition to adopt an ordinance that would require new building construction or major renovation projects to be fossil fuel free
September NAR Hot Topic Alert
NAR's September Hot Topic Alert focused on barriers to housing supply, and the National Association's efforts to overcome those barriers.
Salem Affordable Housing Trust Board Meeting
The Salem Affordable Housing Trust held a Board Meeting on September 13th to discuss the Board’s priorities to address the need for more affordable housing in Salam.
Gloucester Master Plan Update
As Gloucester faces the January 21, 2023, deadline to submit an action plan for interim compliance with the 3A (multi-family zoning requirements for MBTA communities), Mayor Verga has proposed a master plan update called a Comprehensive Planning Initiative (CPI).
Salem Disposition of City Owned Land Ordinance
The Salem City Council will consider an amended Disposition of City Owned Land Ordinance. The stated purpose of amending the existing ordinance is “to better align with state procurements requirements and to prioritize affordable housing”.
Rockport Fall Town Meeting Results
At Rockport’s September 12th Fall Town Meeting, residents voted against a non-binding citizen’s petition that would have raised property taxes on high-valued homes, vacation homes, and residential properties that are not owner occupied and voted to approve 2022 CPA project expenditures.
Nahant Short-Term Rentals
The Nahant Planning Board is hosting a public forum on September 20 at 6:00 PM in Conference Room 2 to discuss short-term rentals.
Final Guidelines to Determine Compliance with 3A
The Executive Office of Housing & Economic Development has released the final guidelines to determine compliance with Section 3A of the Zoning Act.
August Real Estate Developments
A collection of North Shore real estate development articles for the month of August 2022.