The Boston City Council on Wednesday overwhelmingly approved a proposal from the mayor to cap rent prices as part of an effort to address rising housing costs and prevent homelessness.
Under Mayor Michelle Wu’s proposal, known as a home rule petition, the maximum allowable annual rent increase would be based on the change in the consumer price index, plus 6%, or a maximum increase of 10% — whichever is lower. The measure also provides other rental protections, including requiring that evictions be for cause such as not paying rent.
