Boston's tax breaks for new housing construction are one of five tools the city is considering to encourage development in a sluggish market, Mayor Michelle Wu told business leaders Wednesday.
Why it matters: Housing development has slowed since the pandemic, due to higher materials costs, tariffs, interest rates and, developers say, the city's affordable housing requirements.
The Wu administration is considering drastically lowering its housing construction target from 13,000 in her first term to 3,000 in her second term, the Boston Globe reported last week.
