Even as the city’s red-hot condo boom shows signs of cooling, the City Council is debating whether it should take steps to better protect renters whose buildings are converted to condos.

Ward 2 Council Member Cam Gordon, who is initiating the debate, would like to see the city approve all condo conversions and provide some compensation to renters forced out of their apartments because they can’t afford the high price of the new condos.

But Council Member Paul Ostrow (Ward 1) told the Southwest Journal that the city doesn’t have any business tampering with private condo developers. “I’m very skeptical and wary of the city’s ability to pay relocation benefits, to prohibit condo conversions, or to regulate them or preclude them,” he told the Southwest Journal.

The Public Safety and Regulatory Services Committee is expected to take up the matter later this month.