Boston Mayor Michelle Wu this week sent to the City Council a rent-control measure that will cap rent increases in Boston at between 6% and 10% depending on the rate of inflation.
Wu's formal proposal, sent to the council in what is known in Boston as a "home-rule petition," calls for setting the annual allowable rent increase at either 10% or at the Consumer Price Index for the Boston metro plus 6%, whichever is lower.
In a lower-inflation year where the region's CPI increased only 2%, Wu's measure would cap rent increases at 8%. But if the inflation rate is what it is approaching now—6%–rents could not grow more than a total of 10% under the proposal.
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