REPORT of the SPECIAL JOINT COMMITTEE on INITIATIVE PETITIONS on the INITIATIVE PETITION of ADAM GOMEZ AND OTHERS FOR THE PASSAGE OF AN ACT TO PROTECT TENANTS BY LIMITING RENT INCREASES (see House, No. 5008).

This document is a report from a Massachusetts legislative committee recommending that the General Court take no action on a citizen-initiated bill to limit rent increases. The proposed measure would cap annual rent hikes at the lower of 5% or the Consumer Price Index, applying statewide to most residential units while excluding small owner-occupied buildings, new constructions, and certain non-profit or transient rentals. Although the committee heard testimony from experts and advocates on both sides, the majority concluded that the bill should not be approved as written. Consequently, the bill will not become law unless it is introduced and passed through the standard legislative process by future lawmakers.