An Act relative to avoiding senior homelessness and maintaining senior housing stabilization of rents

HD 3599 limits annual rent increases for seniors over 60 in private rental housing when their unit is sold to a new owner. It caps rent hikes at the lesser of the local Consumer Price Index change or 5% for five years, provided the tenant is on a public housing waitlist or agrees to apply. The law applies to most private rental units but excludes owner-occupied buildings with two units or less and units already regulated by public authorities. It requires cities/towns to ensure these stabilized units are available to seniors earning 80% or less of the Area Median Income.