Economically sustainable housing
Policy Changes
Increase required affordable housing to 20-25%
48.8% of Boston residents are classified as overburdened meaning they spend over 30% of their income on housing. Alex is committed to Increasing affordable housing stock to ensure economic growth and a consistent standard of living for all Bostonians.
Make down payments more affordable
Most apartments in Boston require 4 months rent up front. This unrealistic standard makes it difficult for lateral movement in the market and can leave people stuck in their apartments while facing rising rents with no savings to move out. Alex's proposal is to enforce a 3 payment maximum for renters and abolish the “last month” payment.
Improve resources for renters
90% of Allston rents, 78% of Brighton rents. In Alex Golonka's district renting isn't an option, its the norm. Alex believes in assuring all renters are properly informed of their rights, have access to quality council, and have access to translation services.
Tax Incentives
Small Landlord Under Market Tax Credits
Create tax incentives for landlords willing to list their property for under market value. This will increase affordability while giving small business owners better opportunity.
Owner Occupied Landlord Tax Credits
Alex believes communities are built by the people that live and work in the community. By encouraging landlords to live in the units they rent out we can foster a stronger community.
Foreign investor tax
Luxury transfer tax
Flippers tax
We can utilize taxes to dissuade abuses of the fragile housing ecosystem in Boston. These tax structures would be dedicated to improving affordable housing as well as funding our school systems and improving our transit infrastructure.