Rents in New Bedford are rising at alarming rates. An already terrible housing crisis is now being exacerbated by the COVID-19 pandemic, creation of cultural districts, art tourism, creative placemaking, a new train line, an emerging offshore wind industry, inflation, price gouging, and speculative buying. All this has already resulted in mass evictions and the displacement of historic residents. In 2022, New Bedford had some of the highest eviction rates and average rental increases in the state. Without any intervention this crisis is likely to worsen, with more families pushed out of their homes due to skyrocketing rents.
New Bedford needs rent stabilization
New Bedford needs rent stabilization
New Bedford needs rent stabilization
Rents in New Bedford are rising at alarming rates. An already terrible housing crisis is now being exacerbated by the COVID-19 pandemic, creation of cultural districts, art tourism, creative placemaking, a new train line, an emerging offshore wind industry, inflation, price gouging, and speculative buying. All this has already resulted in mass evictions and the displacement of historic residents. In 2022, New Bedford had some of the highest eviction rates and average rental increases in the state. Without any intervention this crisis is likely to worsen, with more families pushed out of their homes due to skyrocketing rents.