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MassachusettsH 4139194th General Court (2025-2026)HouseWALLET

An Act authorizing the town of Wellesley to dissolve its Housing Development Corporation

Sponsored By: Alice Hanlon Peisch (Democratic), Cynthia Stone Creem (Democratic)

Signed by Governor

Municipalities and Regional GovernmentHouse Steering, Policy and Scheduling

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Wellesley housing assets move to town trust

The law shifts all property and money from the Wellesley Housing Development Corporation to the town’s Affordable Housing Trust. The Trust manages, sells, or spends these assets under state law and any Wellesley by-laws. The 1998 law that created the Housing Development Corporation is repealed, so that corporation ends. The law takes effect when the town clerk posts or publishes the by-law that sets up the Affordable Housing Trust. This mainly matters for Wellesley residents seeking affordable housing.

Sponsors & Cosponsors

Sponsors

  • Alice Hanlon Peisch

    Democratic • House

  • Cynthia Stone Creem

    Democratic • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 11 • No: 0

committee vote • 7/2/2025

Committee Favorable: Ought to Pass

Yes: 11 • No: 0

Actions Timeline

  1. Signed by the Governor, Chapter 24 of the Acts of 2025

    9/5/2025

  2. Enacted and laid before the Governor

    8/28/2025Senate

  3. Enacted

    8/28/2025House

  4. Read second, ordered to a third reading, read third (title changed) and passed to be engrossed

    8/25/2025Senate

  5. Taken out of the Orders of the Day

    8/25/2025Senate

  6. Read; and placed in the Orders of the Day for the next session

    8/7/2025Senate

  7. Read third and passed to be engrossed

    8/4/2025House

  8. Read second and ordered to a third reading

    7/23/2025House

  9. Rules suspended

    7/23/2025House

  10. Committee reported that the matter be placed in the Orders of the Day for the next sitting

    7/23/2025House

  11. Bill reported favorably by committee and referred to the committee on House Steering, Policy and Scheduling

    7/14/2025House

  12. Hearing scheduled for 06/10/2025 from 01:00 PM-05:00 PM in B-1

    6/3/2025legislature

  13. Senate concurred

    5/15/2025Senate

  14. Referred to the committee on Municipalities and Regional Government

    5/12/2025House

Bill Text

  • Chapter 24 of the Acts of 2025

    9/5/2025

    PDF

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