Lexington, Mass., Code of Bylaws ch 144 § 144-7
Low- to moderate-income rental housing dedication (Lexington Condominium Conversion Board)
Operative Text
Pursuant to § 144-4F(1)(e) , the Board may grant a conversion license on the condition that the applicant offer a reasonable percentage (not less than 10% and not more than 20%) of the housing accommodations to the Lexington Housing Authority, the Lexington Housing Assistance Board, or a limited profit or nonprofit legal entity approved by the Board upon reasonable terms and conditions as will make the offeree eligible for state or federal subsidies and as will make it economically feasible for the unit to be purchased for rental to persons of low- or moderate-income. Such units shall be permanently maintained as rental housing accommodations for low- and moderate-income tenants.
Under Lexington, Mass., Code of Bylaws CH. 144 § 144-7, when the Board grants a condominium conversion license under certain conditions, it may require that between 10% and 20% of the units in the building be offered to designated housing authorities or approved nonprofit entities at terms that qualify for state or federal subsidies and make purchase economically feasible. Units dedicated under this provision must remain permanently available as rental housing for low- and moderate-income residents. This rule creates a mechanism for preserving affordable rental housing within converted buildings.
Plain English — not legal advice.
Operators seeking a conversion license under CH. 144 § 144-7 should be aware that the Board may attach a condition requiring them to offer a defined share of units—between 10% and 20%—to the Lexington Housing Authority, the Lexington Housing Assistance Board, or a Board-approved nonprofit or limited-profit entity. Compliant applicants typically structure the offer terms to align with state or federal subsidy eligibility requirements and ensure economic feasibility for the purchasing entity. Because any units dedicated under this provision carry a permanent affordable-rental obligation, operators generally account for this encumbrance in their conversion planning and documentation.
General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.
CH. 144 § 144-7 provides a protection relevant to tenants in buildings undergoing condominium conversion: the Board can require that a portion of units remain permanently designated as affordable rentals for low- and moderate-income households. Tenants who believe a conversion is proceeding without proper compliance with this affordable-housing dedication requirement may raise that concern with the Board or consult a local tenant-rights organization familiar with Lexington's conversion bylaws. Understanding this provision can be relevant when evaluating whether a conversion license was properly conditioned.
General guidance for tenants — not legal advice for your specific situation. Consult a tenant-rights organization or attorney for advice on your case.
Generated November 11, 2026 — auto-generated, not yet human-reviewed. See /transparency for methodology.
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