Mexico City unveils plan to tackle gentrification after mass protests

Mexico City officials have announced a 14-point plan to address the capital’s housing and gentrification problems, which sparked large and sometimes violent protests earlier this month.

Mexico City Mayor Clara Brugada said officials will propose a law to regulate rental prices, strike a balance between the rights and obligations of landlords and tenants, prevent people from being displaced and regulate short-term rental properties.

Many residents say they’ve been priced out of their neighborhoods, in part because of overtourism, short-term home rentals and an influx of people and businesses with higher purchasing power.

Brugada said on Wednesday that an “objective and rigorous methodology” will be worked out to regulate temporary housing rentals to prevent residents from being displaced and avoid “the loss of the community’s roots and identity.”

The city government will also set up an agency to enforce the rent law and penalize offenders.