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Rent stablization

By adamg - 5/2/23 - 9:33 am

WBUR reports on the reaction on Beacon Hill to Boston's request to let it set a cap on how much rents in larger, older buildings can go up each year:

[T]o say the bill lacks momentum is an understatement. It’s been given a number and assigned to the Joint Committee on Housing. But so far, no other lawmakers have signed on as co-sponsors. Many are reluctant to even talk about it.

By adamg - 3/16/23 - 10:19 am

The Somerville Media Fund reports the Somerville City Council voted to begin drafting a home-rule petition asking the state Legislature to let it take steps to rein in rent increases in the city. The Boston City Council last week approved its own home-rule petition for the power to set limits on how fast rents could be increased in older, larger buildings in the city.

By adamg - 3/8/23 - 2:50 pm

Christopher Gavin reports the City Council voted 11-2 today to support Mayor Wu's proposal to cap rent increases at no more than 10% for tenants in older buildings with more than six apartments. The measure now goes to the state legislature for consideration. Read more.

By adamg - 3/10/22 - 12:20 pm

Mayor Wu today announced members of a rent stabilization advisory committee of "housing advocates, developers, tenants, and other stakeholders" that would develop proposed legislation to let Boston put some brakes on rapidly escalating rents, in a way the city hasn't seen since small landlords won a statewide referendum question in 1994 to ban rent ordinances in Boston, Brookline and Cambridge. Read more.

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