The Massachusetts Association of Community Development Corporations which represents 20 CDCs in the City of Boston calls on the Boston City Council to support strong regulations for the short-term rental industry. We believe the compromise ordinance put forth by Mayor Marty Walsh and several members of the Council is a solid proposal that balances the need to protect our rental housing stock and the desire of local homeowners to earn extra money. We urge the Council to approve this proposal when it comes before the City Council.
Everyone knows that Boston is in the middle of a housing crisis. Rents and home prices have been increasing for several years and thousands of Bostonians can no longer afford to live here. MACDC and its members are working closely with residents, the City, and other stakeholders to help mitigate this housing crisis by producing as much affordable housing as we possibly can. The City has adopted numerous strategies for expanding our housing supply, preserving existing affordable homes, acquiring more apartments that can be protected for the long term, strengthening tenant protections, and of course, building new affordable apartments and homes. These efforts are undermined when private developers and investors convert rental housing into de facto hotels.
We believe that Mayor Walsh's proposal strikes the right balance. It would slow displacement of renters while enabling homeowners to earn extra cash. We urge the Council to support this common-sense proposal.