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In the early 1990s, rent control in some cities, such as Boston and Cambridge, Massachusetts, was ended by state referendums. [27] When rent control ended in Cambridge, the city realized a 20% increase in new development and an increase in property values, according to a study by the MIT Center for Real Estate. [28]
Rent regulation is a system of laws for the rental market of dwellings, with controversial effects on affordability of housing and tenancies. Generally, a system of rent regulation involves: Price controls, limits on the rent that a landlord may charge, typically called rent control or rent stabilization. Eviction controls: codified standards ...
Inclusionary zoning (IZ) is municipal and county planning ordinances that require or provide incentives when a given percentage of units in a new housing development be affordable by people with low to moderate incomes. Such housing is known as inclusionary housing. The term inclusionary zoning indicates that these ordinances seek to counter ...
t. e. Rindge Towers is an affordable housing development in Cambridge, Massachusetts. [1] Completed in 1970, the three 22-story towers make up a 777-unit [2] apartment complex located in close proximity to the Alewife MBTA station at the terminus of the Red Line. The towers are named for Frederick H. Rindge, the philanthropist who funded ...
Investing in real estate – Key stats. The average 30-year fixed-rate mortgage hit a rate of 7.09 percent annual percentage yield (APY) in January 2024, according to Bankrate data. The average 15 ...
Number of employees. 100+. Website. cic.com. Cambridge Innovation Center (CIC) is an American real estate services company which bills itself as a "community of entrepreneurs". [ 1 ] The company was founded in 1999 by Massachusetts Institute of Technology (MIT) graduates Timothy Rowe and Andrew Olmsted.
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