Homes for All Massachusetts is leading a campaign for a ballot initiative to cap rent increases at 5% tied to the cost of living. This comes after rent control was abolished statewide in 1994. The initiative would exempt small, owner-occupied buildings and newly built units in their first decade. With housing costs a major concern for voters, advocates hope to gather sufficient signatures for the ballot measure. However, they anticipate significant opposition from the real estate industry and acknowledge many challenges ahead.
"Sky-high rents in Massachusetts are displacing essential workers like nurses and teachers from their communities, and forcing people to leave the neighborhood they call home."
"If the measure is approved by voters, annual rent increases in Massachusetts would be tied to cost of living increases, with a hard annual cap of 5%."
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