What do local housing advocates and experts think of Josh Kraft's housing plan?

Josh Kraft, a candidate for Boston mayor, is addressing the city’s housing crisis with a proposal for optional rent control. This plan allows landlords to opt in for tax rebates if they limit rent increases to 5% over ten years. The average rent in Boston has surged, with one-bedrooms costing $2,667 as of June 2024. Kraft's plans aim to increase affordable housing availability, currently hindered by regulations, while facing criticism from the current mayor, Michelle Wu, who labeled it 'fake rent control.'

Kraft's proposal allows landlords to receive up to a 20% tax refund for capping rent increases at 5%, aiming to tackle Boston's housing crisis.

Kraft highlighted that 26,000 housing units are stalled due to regulations, citing access to affordable housing as Boston's greatest challenge.

Read at Boston.com