Organizers then went public Tuesday afternoon with what they touted as a compromise: limiting rent increases to no more than 10 percent per year, only in cities and towns that opt in.
Category: Housing
Local leaders say the $85 million development — which will be reserved for residents age 62 and older with incomes up to 60 percent of the area median income — will help alleviate the city’s housing shortage and provide an affordable, accessible option to some of Lynn’s most vulnerable residents.
The idea behind the law is to let tenants wipe the slate clean from certain evictions and not have those cases present obstacles to renting an apartment, securing a mortgage to buy a home, or finding employment.