Word: controll
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Dates: during 1980-1989
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...city of Cambridge, in exercise of its powers under Section 6 of the Home Rule Amendment and under Sections 2 and 5 (c) of Chapter 36 of the Acts of 1976 (the "Rent Control Act") hereby AMENDS its ordinances to provide as follows, notwithstanding any provision of any other city ordinance to the contrary...
Section 2. Any owner who has occupied a single family house or a condominium unit for his or her own use for a period of at least two years shall be deemed exempt from Rent Control (and said single family house or condominium unit shall not be deemed a controlled rental unit under the Rent Control Act) with respect to any subsequent rental by the owner or his or her family, heirs or estate...
Section 3. Two-thirds of all the additional real estate tax revenues which may be derived from increased property values and increased tax valuations (resulting from removal from Rent Control restrictions under the foregoing Sections) shall be allocated by the City for (a) rent subsidies for tenants in existing rental housing, and (b) the production of new rental housing. The benefits allocated under this Section shall be distributed to applicants based upon demonstrated financial need, with preference given to long-time-resident, elderly or homeless citizens of the city of Cambridge, of low or moderate income...
...Proposition 1-2-3 will end rent control forever," VanIngen says. "If rent control goes out, I'm sure my landlord can get $1200 for my apartment and I don't know what...
...according to Mari E. Morgan and other Cambridge property owners, 1-2-3 would offer those same Cambridge residents a fair shot at home ownership, an opportunity they lack under current rent control policies...