Rent control policies have the unintended effect of decreasing the housing supply, according to a new study by the National Apartment Association.
Rent control harms multifamily cashflow, property values, maintenance spending, and reduces new construction, the study found. The study, “Modeling the Impacts of Rent Control,” is the result of researching the impacts of rent control in four major metropolitan areas.
In recent months, rent control measures have received greater focus and consideration, as housing affordability has become a major concern nationwide. Oregon and California have passed statewide caps on rents, while New York City and Washington, D.C. have also expanded rent regulations.
Other cities have examined other possible solutions including revamping outdated zoning, reducing zoning application fees, and waiving parking requirements.
Related Stories
| Mar 15, 2012
New Florida building code establishes flood and storm surge provisions
The new 2010 code establishes minimum design and construction requirements to protect buildings from wind, rain, floods, and storm surges.
| Mar 15, 2012
Illinois city rejects international code due to home sprinkler requirement
Macomb, Illinois aldermen voted to recommend that the city not adopt 2012 international building and residential code standards requiring the installation of overhead sprinkler systems in newly constructed one-family and two-family homes.
| Mar 15, 2012
Tenant advocates propose licensing landlords in New York City
With thousands of New York City rental units posing potential dangers to tenants, city advocates are proposing measures to make landlords improve building safety.
| Mar 15, 2012
Construction industry a big winner in federal small disadvantaged business procurement
Last year, only 5% of federal contract dollars went to small disadvantaged businesses. Construction and facilities support firms were the biggest beneficiaries.
| Mar 15, 2012
ANSI approves new fall protection standards
The American National Standards Institute (ANSI) has approved two American Society of Safety Engineers' (ASSE) standards addressing fall protection.
| Mar 8, 2012
Engineering innovation provides new option for meeting seismic codes in skyscrapers
Two University of Toronto engineers have developed “viscoelastic-energy-dissipating dampers” to replace many of the heavy concrete beams used in tall structures.
| Mar 8, 2012
CSI webinar on building code compliance March 22
A March 22 webinar will provide an overview of a 28-step process during the design of a building to ensure compliance with building codes.
| Mar 8, 2012
Federal silica dust rule caught in bureaucratic limbo
A federal rule meant to protect the lungs of workers has been caught in bureaucratic purgatory for more than a year.
| Mar 8, 2012
New LEED-EBOM rating has requirements for specific project types
Several key changes are proposed for the LEED-EBOM Rating System in 2012.