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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]
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 ...
Section 8 (housing) Section 8 of the Housing Act of 1937 (42 U.S.C. § 1437f), commonly known as Section 8, provides rental housing assistance to low-income households in the United States by paying private landlords on behalf of these tenants. Approximately 68% of this assistance benefits seniors, children, and individuals with disabilities. [1]
In Salem, Massachusetts — famous for its witch trials — the median home price won’t exactly cast a spell on you. They’re $596,000, good for third place and ahead of Basking Ridge, N.J. at ...
The National Association of Realtors (NAR) is an American trade association [4] for those who work in the real estate industry. As of December 2023, it had over 1.5 million members, [5] making it the largest trade association in the United States [6] including NAR's institutes, societies, and councils, involved in all aspects of the residential and commercial real estate industries.
Relatives. Sandra Sommer (sister) Website. rappaportfoundation.org. Jerome Lyle Rappaport (August 17, 1927 – December 6, 2021) was an American lawyer, developer, political leader, and landlord. Rappaport is also known for his philanthropy in Boston, Massachusetts, and Stuart, Florida. He was the general partner of one of the most ...