Boston Rent Control: “Limiting rent growth affects the long-term viability of building new units and performing maintenance on existing units as it changes the expected return on investment for each of these activities. Additionally, a cap on rents is essentially a cap on rental income for affected properties, which would directly result in lower property values, which in turn impacts property tax revenue,” wrote NAA’s Leah Cuffy in a testimony for the Boston City Council against rent control.
State & Local Policy: “As state legislatures and local governments got to work on 2023 initiatives, housing concerns returned to the forefront of policy conversations around the country. Advocates and progressive lawmakers continue to push for comprehensive renters bill of rights proposals to solve, in their perspective, a power imbalance between housing providers and their residents,” NAA’s Joe Riter wrote covering policy initiatives around the country. Read more.