Let the debate begin!
Mayor Michelle Wu officially filed her rent control proposal with the City Council on Monday. According to the Boston Globe, the proposal calls for rent increases of 6% a year plus inflation, which would cap out at 10%.
New construction would be exempt from this policy for the first 15 years it’s open, as well as small owner-occupied properties.
You can read the full details here.
So what’s next? Well, the City Council has to approve the proposal before being approved at the State House. Final approval will be by Gov. Maura Healy.
What do you think?