A theory of vibrational excitations based on power-law spatial correlations in the elastic constants (or equivalently in the internal stress) is derived, in order to determine the vibrational density of states D([Formula: see text]) of disordered solids. The results provide the first prediction of a boson peak in amorphous materials where spatial correlations in the internal stresses (or elastic constants) are of power-law form, as is often the case in experimental systems, leading to a logarithmic enhancement of (Rayleigh) phonon attenuation. A logarithmic correction of the form [Formula: see text] is predicted to occur in the plot of the reduced excess DOS for frequencies around the boson peak in 3D. Moreover, the theory provides scaling laws of the density of states in the low-frequency region, including a [Formula: see text] regime in 3D, and provides information about how the boson peak intensity depends on the strength of power-law decay of fluctuations in elastic constants or internal stress. Analytical expressions are also derived for the dynamic structure factor for longitudinal excitations, which include a logarithmic correction factor, and numerical calculations are presented supporting the assumptions used in the theory.