The bill aims to expand housing opportunities in Massachusetts through a new framework for homesharing, which is defined as a written agreement between a homesharing provider (the property owner) and a homesharer (the individual occupying a room in the property). The legislation introduces Chapter 186B, which outlines the definitions and conditions for homesharing occupancy, including the establishment of a voluntary homesharing program overseen by the Executive Office of Housing and Livable Communities (EOHLC). The program will allow for below-market rate rent in exchange for occupancy and/or domestic services, with specific guidelines on the nature of these services and the rights and responsibilities of both parties. Importantly, the bill exempts homesharing agreements from existing landlord-tenant laws, providing a unique legal framework for these arrangements.

Additionally, the bill establishes a Homesharing Opportunity Relief Fund to assist providers and homesharers in case of failed agreements or emergencies. The EOHLC is tasked with creating regulations to ensure the program's safety and oversight, including background checks and compliance with sanitary codes. Furthermore, the bill mandates that homesharing providers maintain a minimum insurance coverage of $1,000,000, while homesharers must have renters insurance of at least $100,000. This comprehensive approach aims to facilitate safe and affordable housing options through homesharing while protecting the interests of all parties involved.