An Act relative to creating a statutory housing restriction and providing remedies related to statutory housing

This bill establishes ongoing affordability requirements for certain housing units designated as "statutory housing." It requires that when these properties are sold, they must be sold to qualifying households (with income at or below 80% of area median income) at a set "affordable value" - calculated as the original purchase price adjusted for income changes - rather than market rate. The bill creates legal mechanisms to enforce this, including restrictions on selling outside the affordable price and requiring future owners to comply with the same income and occupancy rules. It directly affects current owners of these units, future buyers, and the entities managing the housing restrictions, ensuring long-term affordability.