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WBUR - Boston City Councilors Propose Taxes to Alleviate Housing Crisis (Radio Interview)

WBUR  Boston City Councilors Propose Taxes to Alleviate Housing Crisis Radio Interview

It's no secret that housing is expensive in Boston — such that some residents are being driven out of their neighborhoods.

That's why Boston City Councilor Lydia Edwards — along with Councilor Kim Janey — has proposed a plan to generate funding for more affordable housing in the city and curb high-end developers' appetite for feeding off Boston's building boom.

The proposal would levy a tax of up to 6 percent on commercial and residential real estate deals over $2 million, and a 25 percent "flipping" tax on properties that are bought and resold twice within two years.

updated: 10 months ago