Photo: WBZ NewsRadio \ Madison Rogers
BOSTON (WBZ NewsRadio) — City councilors approved Mayor Michelle Wu's rent control proposal on Wednesday.
The council voted 11 to 2 in favor of a rent stabilization plan to put a limit on yearly rent hikes. Mayor Wu's rent control proposal would cap yearly rent increases at 6% plus inflation, going no higher than 10%.
"The vast majority of good landlords in Boston are not increasing their rents by more than 10% a year," said Mayor Wu.
The mayor campaigned on rent control with promises of combating price gouging in the city.
"So that Bostonians can afford to live in this incredible city and stay here right in our neighborhoods," said Mayor Wu.
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In the next coming days, Mayor Wu is planning on signing the measure, sending it to the Legislature. If lawmakers approve it, it would go to the governor's desk.
The proposal faces strong opposition from one real estate group.
“As the bill makes its way to Beacon Hill, we are prepared to expand the Rent Control Hurts Housing campaign to educate voters and legislators on the serious harm rent control will have on the residents of the Commonwealth. We look forward to promoting pro-housing policies focused on decreasing red tape, additional costs, and regulatory burdens, while increasing production as the path to overcoming the state's affordability crisis," Greg Vasil, CEO of the Greater Boston Real Estate Board, told WBZ in a statement.
City councilors Frank Baker and Erin Murphy voted against the proposal.
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