City Councilor Tito Jackson (Roxbury) wants to take a look at the role large landlords are playing in forcing longtime residents out of the city.
On Wednesday, Jackson will ask fellow councilors for a hearing to consider "displacement, community stability and neighborhood preservation."
In his hearing request, Jackson writes:
The foreclosure crisis and the surge of residential housing conversion by corporate landlords backed by investors are causing displacement and community instability.
Corporate landlords and investors have a great interest in making tremendous profit from buying bank-owned housing stock and being absentee owners.
In effect, these absentee owners - such as City Realty - who are disconnected from the community, force neighboring long-term homeowners out of their homes, raise rent prices to unreasonable amounts, and ignore their duty to repair uninhabitable conditions