Massachusetts legislation · 194th General Court
Massachusetts S3223: First-Time Homebuyers
Status: Introduced, July 23, 2026
What the bill says
From the introduced text, July 23, 2026:
by inserting after section ___ the following sections:- "SECTION _. Chapter 62 of the General Laws is hereby amended by inserting after section 5D the following 2 sections:- Section 5E. (a) For the purposes of this section, the following words shall have the following meanings unless the context clearly requires otherwise:- “Account holder”, an individual who establishes, individually or jointly with one or more other individuals, a rental savings account. “Allowable costs”, a fee paid for renting a unit as a permanent residence in the commonwealth, limited to the amount of: (i) first and last month's rent; (ii) a security deposit equal to one month's rent; and (iii) the purchase and installation costs of a lock and key. “Eligible costs”, fees paid for renting a unit as a permanent residence in the commonwealth, limited to the amount of: (i) first and last month's rent; (ii) a security deposit equal to one month's rent; and (iii) the purchase and installation costs of a lock and key. “Financial institution”, any bank, trust company, savings institution, industrial loan association, consumer finance company, credit union, benefit association, insurance company, safe deposit company, money market mutual fund or similar entity authorized to do business in the commonwealth. “Qualified beneficiary”, an individual seeking to rent a unit as a permanent residence. (b) Beginning January 1, 2027, …
Sponsors
- Tarr, Andrew (D, 5th Essex) · primary sponsor
- Dylan Fernandes (D)
Latest actions
- : See S3178
Common questions
- What is S3223?
- S3223 is a bill in the Massachusetts Legislature (194th General Court): First-Time Homebuyers.
- What is the status of S3223?
- Introduced as of July 23, 2026. Latest action: See S3178 (July 23, 2026).
- Who sponsored S3223?
- Tarr, Andrew (D, 5th Essex), with 1 co-sponsor.
- Where is the official record for S3223?
- On the Massachusetts Legislature website: https://malegislature.gov/Bills/194/S3223
Source: official Massachusetts record. Tracked by Delilah, AI for legislation across all 50 states and Congress.