""My belief is that housing costs are the biggest liability for the future of our city and state economy,""
""I wish that the ballot initiative had been just a pure, local option. Repeal the ban on cities taking action and let each city do what they need to do""
An initiative to place statewide rent control on next fall's ballot would cap annual rent increases at cost-of-living with a hard 5% maximum. Exemptions would include owner-occupied buildings with four or fewer units and newly constructed buildings for their first 10 years, while most apartment buildings would face rent caps. Supporters say the measure is gaining momentum across Massachusetts. Boston's mayor supports addressing high housing costs and warns of resident displacement but objects to a uniform statewide cap, advocating instead for repealing restrictions so municipalities can choose policies suited to local conditions.
Read at Boston.com
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