Opinion
Will More Housing Really Lower Rents? Prove It, Mr. Mayor
|
Earlier this year, Mayor Marty Walsh told Jamaica Plain News and other community newspapers how he plans to keep people from being forced out of Boston by the high costs of rent and sales prices: "The key is to increase the supply of housing." Last October, the mayor released his housing committee report which stated Boston needs to build 53,000 housing units by 2030 to keep pace with increasing prices that are squeezing out low- and middle-income residents. The construction of new housing is booming; from Northern Avenue to North Station there are either completed or under construction thirteen towers with total of 3,268 units of rental or condo homes. In Forest Hills alone, there are either under construction or approved three developments with a total of 536 rental or ownership units; combine that with Olmsted Place at 161 S. Huntington Avenue and the number jumps to 731 units. Can We Build Out of The Affordability Crisis?