Word: needed
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Dates: during 1960-1969
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...housing. This means we must all move quickly and effectively than we have been. We must not build more institutional "projects," isolated from the rest of the community, no matter how hard that is to do under restrictive Federal cost and design regulations. We must stop talking about the need for more housing for low-income families, but objecting when a site in our own neighborhood is proposed. The Council and the Authority must respond promptly and positively to proposals put before them. We have not yet been able to meet the housing must go beyond that difficult task...
...universities should adopt and announce publicly a policy, of no future acquisition of residential property in Cambridge. They should pledge maximum development of land now held in institutional ownership before other, nonresidential, land is acquired. Clearly, corporation with endowments in the hundreds of millions of dollars do not need Cambridge real estate as part of their investment portfolio. They should be prepared to accept the costs of maintaining rents at moderate levels, in housing units they have already acquired for future development, as a cost of doing business...
There must be commitments from the real estate industry in return, however, besides willingness to participate in programs which provide a guaranteed, and reasonable, rate of return. We will expect, and require, of any developer who needs the cooperation of the City in building Federally supported housing, that a substantial number of the units to be built be made available to low income families through either rent supplements or leasing to the Housing Auhtority. To make that possible, cost of building in the first place must be limited, since there are cost constraints in both subsidy programs. Builders of housing...
This brings me to the question of rent control, which has been so much before this City Council in recent weeks. I'm sure there is no need to say again how aware my office is of the seriousness of this problem of unreasonable increases in rent...
...City Council has had before it in recent weeks a rent control ordinance proposed by the Cambridge Housing Convention. I am certain that the City Council will weigh and evaluate the proposal before it in the light of the present housing crisis and the need to control the unreasonable and excessive rises in rents...