"Skyrocketing rents are displacing tenants, destabilizing communities and destroying historic neighborhoods across our state,"
"And unnecessary foreclosures are continuing to devastate families. Rent control and a state foreclosure prevention program are critical tools to prevent displacement and win housing justice."
"Our state's focus needs to be on reducing barriers to housing creation so we can develop more homes across all price points, whether it be for young families looking to purchase their first home, or retirees looking to downsize in the community they have known for decades,"
"While we respect the Attorney General's decision on the legality of this question, the real estate industry will fight the proposed initiative every step of the way."
The Massachusetts Attorney General certified the legality of a proposed rent control ballot initiative. Backers must submit about 75,000 valid signatures to the Secretary of State by mid-November to place the measure before voters. If approved, the initiative would cap yearly rent increases at 5% or the annual increase in the Consumer Price Index, whichever is lower. Supporters cite high housing costs, tenant displacement, and foreclosures and advocate rent control and foreclosure prevention measures. Opponents contend rent control will discourage new housing construction and emphasize reducing barriers to housing creation. Prior rent control measures failed in 1994 and 2023.
Read at Boston Condos For Sale Ford Realty
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