NAA Five, for the Week Ending February 24th, 2023

Posted By: Denise Hanzlik Industry, SDMHA Resources,
The Big Picture: This week, the media largely focused on the state of the industry. Other notable stories covered local housing policy developments, namely rent control
What We're Advocating

Minute Advocate: Watch the latest Minute Advocate, where NAA’s Greg Brown digests the latest advocacy news in just around a minute. Watch now

Deeper Dive: Stay up to date with the latest in housing politics with NAA’s Apartment Advocate

What We're Saying

Boston Rent Control: “Limiting rent growth affects the long-term viability of building new units and performing maintenance on existing units as it changes the expected return on investment for each of these activities. Additionally, a cap on rents is essentially a cap on rental income for affected properties, which would directly result in lower property values, which in turn impacts property tax revenue,” wrote NAA’s Leah Cuffy in a testimony for the Boston City Council against rent control. 

State & Local Policy: “As state legislatures and local governments got to work on 2023 initiatives, housing concerns returned to the forefront of policy conversations around the country. Advocates and progressive lawmakers continue to push for comprehensive renters bill of rights proposals to solve, in their perspective, a power imbalance between housing providers and their residents,” NAA’s Joe Riter wrote covering policy initiatives around the country. Read more

What We're Doing

Operations: Join NAA for its next webinar, “Hoarding Disorder: Situations and Solutions for Property Managers,” Feb. 28 at 2 p.m. ET. Read more and register

What We're Hearing

Boston Rent Control: “Mayor Michelle Wu proposed a plan that would cap rent hikes at 10 percent, with exceptions for new and small buildings. The proposal needs approval from the City Council and state lawmakers, as rent control was outlawed in Massachusetts in 1995.” (WHDH 7 News

NAA’s Take: The latest on the rent control debate in Boston. Read more