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In 1969, the City of Boston sought and was granted the ability to institute rent control. [1] In 1970, the state authorized rent control in municipalities with more than 50,000 residents, potentially affecting to more than 40 communities. [1][2] The effort was spearheaded by a group of Harvard University graduate students.
Rent regulation is a system of laws for the rental market of dwellings, with controversial effects on affordability of housing and tenancies. Generally, a system of rent regulation involves: Price controls, limits on the rent that a landlord may charge, typically called rent control or rent stabilization. Eviction controls: codified standards ...
In the early 1990s, rent control in some cities, such as Boston and Cambridge, Massachusetts, was ended by state referendums. [27] When rent control ended in Cambridge, the city realized a 20% increase in new development and an increase in property values, according to a study by the MIT Center for Real Estate. [28]
Website. www.200clarendon.com. The John Hancock Tower, colloquially known as the Hancock, is a 60-story, 790-foot (240 m) skyscraper in the Back Bay neighborhood of downtown Boston. Designed by Henry N. Cobb of the firm I. M. Pei & Partners, it was completed in 1976, and has held the title as the tallest building in New England ever since. [1]
Multiple listing service. A multiple listing service (MLS, also multiple listing system or multiple listings service) is an organization with a suite of services that real estate brokers use to establish contractual offers of cooperation and compensation (among brokers) and accumulate and disseminate information to enable appraisals.
v. t. e. The Boston Housing Authority (BHA) is a public agency within the city of Boston, Massachusetts that provides subsidized public housing to low- and moderate-income families and individuals. The BHA is not a municipal agency, but a separate local entity. In the federal government model of the United States Department of Housing and Urban ...
On the other hand, in Berlin, the Alliance for Housing Construction, which was established in 2014, brought together Berlin's local government, private landlords, and public utility landlords to make rental units in the city more affordable. Public utility landlords such as non-profit organizations agreed to build 3000 new dwellings each year.
The politically connected organization had helped come up with California Gov. Gavin Newsom’s “Homekey” homeless housing grant program and then, along with its for-profit real estate partner ...
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