12 Days
Source:
The Boston Globe
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Advocates propose rent control deal to real estate firms
Tenant advocates and real estate developers have proposed a compromise to allow local rent control in Massachusetts, moving away from a strict statewide limit set for a ballot measure. The plan would permit cities to implement rent caps, capping increases at 5 percent plus inflation, with some towns allowed up to 10 percent, differing from the ballot question’s stricter limits. The compromise aims to end the 1994 ban on rent control and address housing affordability concerns, but faces opposition from other real estate groups and hurdles in the state legislature. Supporters see it as a significant step, while opponents argue it could hinder housing development and benefit only a small segment of landlords.
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