
"If this is still on the ballot by this fall, I am a 'yes' voting for it," Wu said on GBH."
"I'm not going to let perfect be the enemy of the good in this case when there is so much urgency and pressure from housing costs on our residents," she said."
"The ballot measure, if approved by voters, would tie annual rent hikes across the state to cost of living increases, with a hard annual cap of 5%. There would be some exceptions for owner-occupied buildings with four or fewer units and newly constructed buildings during their first 10 years of existence."
Boston Mayor Michelle Wu said she will vote in favor of a proposed statewide rent control ballot measure that ties annual rent increases to cost-of-living with a 5% hard cap. Wu has long supported rent-cap policies but prefers a local-option approach and has advocated repealing Massachusetts' 1994 ban so municipalities can set their own rules. Wu proposed a 2023 plan linking increases to the Consumer Price Index plus 6%, capped at 10%, which failed in the State House. The statewide measure includes exceptions for small owner-occupied buildings and newly constructed units, and Wu cited urgent housing cost pressures in backing it.
Read at Boston.com
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