Rep. Stanley Testifies on Lincoln Affordable Housing Bill

Rep. Stanley testified at the Joint Committee on Revenue hearing in support of a Lincoln Affordable Accessory Dwelling Home Rule Petition. This legislation (H.2645), sponsored by Rep. Stanley, seeks to increase the town’s affordable housing stock by incentivizing owners of accessory apartments to rent their apartments as affordable units. The bill represents an innovative effort made by the Town of […]

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Rep. Stanley asks Joint Committee on Financial Services to issue favorable action on his bill providing for the security of public deposits

Rep. Stanley testified on behalf of legislation he filed (House Bill 1113) to establish a framework for qualifying public depositories in addition to instituting rules for determining the collateral for public deposits. Massachusetts is one of several states that do not require banks holding public deposits from cities, towns and districts to secure them with acceptable capital. Local municipalities need […]

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Governor Baker Signs Rep. Stanley’s Consumer Protection Legislation into Law

Governor Baker signed Rep. Stanley’s legislation (formerly House Bill 1114) that licenses Appraisal Management Companies (AMCs) into law. The new law (Chapter 43 of the Acts of 2019) is supported by the MBREA (the Association for Valuation Professionals), appraisal management companies, mortgage industry professionals, and real estate appraisers. In 2010, the Dodd-Frank Wall Street Reform Act was signed into law. […]

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Rep. Stanley Announces $300,000 State Grant for Wayside Trail Project

The City of Waltham received $300,000 in MassTrails grant funds for design, engineering and permitting of the Waltham Wayside Trail project, a 2.74 mile paved shared-use path connecting with the existing trail at Edge Hill Road and extending East to Beaver Street. The project includes seven roadway treatments, the reuse/restoration of two bridges (Linden Street Bridge & Timber Trestle Bridge) […]

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Rep. Stanley Announces $300K Grant for Wayside Rail Trail

The City of Waltham received $300,000 in MassTrails Grants from the Commonwealth of Massachusetts Conservation and Recreation Department for design/engineering/permitting of the Waltham Wayside Rail Trail. The Waltham Wayside Trail project proposes to build a 2.74 mile paved shared-use path connecting with the existing trail at Edge Hill Road and extending East to Beaver Street. The project includes (7) roadway […]

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House Passes Rep. Stanley’s Legislation to License Appraisal Management Companies

The Massachusetts House of Representatives passed important consumer protection legislation filed by Rep. Stanley to regulate Appraisal Management Companies (AMCs), bringing MA into compliance with the Dodd-Frank Act. This bill (H.3904) needs to be signed into law before August 10th in order to prevent disruptions to home purchases and refinances as AMCs would no longer be able to operate in […]

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Rep. Stanley lobbies for health care coverage for the emergency psychiatric services

At a Financial Services hearing, Rep. Stanley urged passage of legislation filed by Rep. Balser, Sen. Friedman and himself that would require commercial insurers to cover behavioral health emergency services provided by Emergency Service Providers (ESP). House Bill H.909 requires health care coverage for the emergency psychiatric services. By requiring all commercial insurers doing business in Massachusetts to provide and […]

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Financial Services Committee Issues Favorable Report on Rep. Stanley’s Legislation to License Appraisal Management Companies

(Boston, MA) – The Financial Services Committee reported Rep. Stanley’s legislation (House Bill 1114) to license Appraisal Management Companies (AMCs) favorably out of committee. The MBREA (the Association for Valuation Professionals), appraisal management companies, the mortgage industry and real estate appraisers all support this legislation. In 2010, the Dodd-Frank Wall Street reform Act was signed into law. Under the provisions […]

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