As part of his housing plan, Boston mayoral candidate Josh Kraft is proposing to allow real estate developers to subsidize fewer apartments and condos in order to push stalled market-rate projects toward construction.
Kraft on Wednesday unveiled more details for the housing plan he floated during his campaign kickoff last week, including a voluntary form of rent control. If landlords agree to keep annual rent increases to no more than 5% plus any change in the consumer price index for a decade, they would get a 20% property-tax rebate, Kraft proposed Wednesday. To be eligible, renters would need to make no more than twice the area median income.
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