I’d like Lexington to join our neighbor Concord and many other towns in support of a real estate transfer free option for affordable housing.

Only if our legislators vote to permit towns and cities statewide to decide for themselves whether to enact a fee as little as .5% on the sale of a home or business property above $1 million can Lexington debate and decide if the option is right for us.

As someone whose property has appreciated dramatically in 30+ years, I’d welcome the opportunity to consider an RETF to create more affordable housing and return to a more economically diverse community.

by Margaret Heitz

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  1. If I remember correctly, Town Meeting passed this in 2020 or 2021. The state could pass this and create a recurring source of funding for affordable housing in Lexington. It is time.

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