Word: rent-control
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...addition, the University proposed to keep rents at rent-control levels until 1998 for its 94 low-income tenants and to set aside 10 percent of its units as affordable housing for 20 years. The University also proposed to sell 24 of its apartment buildings--mostly small, wood-frame houses--on the open market...
...wants to promote a greater city than she will not force this issue upon the University. As a member of the more conservative local party, she understands that the real estate market functions most efficiently when it is under private ownership and unburdened by price controls. Massachusetts has abolished rent-control; so we hope that she abides...
...Maddox and other property owners say that rent-control supporters exaggerate their claims about eviction rates, rent hikes and community debilitation...
...Under 10 percent of rent-control tenants are actually poor," she says...
Preston says that the corporation's plan to turn the units into housing for graduate students could exacerbate the already contentious rent-control dilemma...