Michelle Wu’s High-Wire Act

Will Boston’s mayor kill the city’s golden goose? That’s the question on the lips of many in the development community as Michelle Wu lays out her proposals to increase development fees and affordable housing requirements.

Wu Set to Increase Affordable Housing Requirements, Linkage Fees

Boston Mayor Michelle Wu announced plans to increase requirements for affordable housing in new developments from 13 to 20 percent of units, raise linkage fees on major real estate projects, and seek Beacon Hill’s approval for a transfer fee on real estate transactions above $2 million.