On August 6, a citizen’s petition called An Initiative Petition to Protect Tenants by Limiting Rent Increases was filed with the Attorney General’s Office seeking inclusion on the 2026 General Election Ballot.
The language, if enacted, would apply statewide and limit annual rent increases to a set cost-of-living adjustment based on the Consumer Price Index, with a maximum cap of 5%, regardless of a change in tenancy during the relevant 12-month period. For context, the cost-of-living increase last year was 2.9%, which would have been the maximum allowable rent increase in 2025 if the proposed measure had been in place. In 2022, the cost-of-living increase was 8%, but the measure would have restricted the maximum rent boost to 5%. Owner-occupied buildings with fewer than five units would be exempt, as would new construction for the first ten years of the building’s existence.
We’re excited to announce that applications are now open for the Inaugural 2025 Project of the Year Awards, recognizing exceptional commercial real estate projects that are setting new standards for innovation, impact, and execution.
These brand-new prestigious awards celebrate urban & suburban projects that demonstrate excellence in planning, design, sustainability, and overall contribution to the community and industry. Eligible projects must have been completed on or after January 1, 2024.
Let’s recognize the visionaries and teams behind the spaces that shape how we work, live, and connect. The winners of each award will be announced at the NAIOP Holiday Party & Annual Meeting on November 19.
Application Due Date: Monday, September 15 @ 12:00pm ET
Yesterday, Governor Healey announced the filing of the Mass Ready Act, a environmental bond bill that proposes nearly $3 billion in bonding authorizations to strengthen infrastructure and protect Massachusetts communities against increasing extreme weather events.
The bill’s language also proposes simplifications to the environmental permitting process for priority housing and urgent infrastructure needs. It also includes $50 million in reauthorization for the Momentum Fund to continue accelerating the development of mixed-income and multifamily housing.
NAIOP CEO Tamara Small spoke at the press conference.
The above archive includes blogs posted from December 2020 onward, and reflect NAIOP updates from July 2020 to present. For posts prior to July 2020, please visit NAIOP's archived blog.