Steep rent increases during the pandemic recovery have spurred support for rent control legislation in several areas of the country, according to a report by Wealth Management.
In the recent midterm elections, voters created new rent controls and toughened existing rules from California to Florida to Maine. Three cities in California—Pasadena, Richmond, and Santa Monica—already had rent control provisions on the books but passed tougher rent control measures.
BALLOT MEASURES GO AROUND RENT CONTROL PROHIBITIONS
In most of the country, rent control laws are prevented by state law, but ballot measures approved by voters can circumvent those restrictions. Support for rent control has recently surfaced in areas where support has not been strong, according to National Multifamily Housing Council (NMHC) official. Minnesota and Michigan are among the states where support for rent control is growing.
NMHC argues that rent control won’t counteract the macro forces pushing rents higher that create a mismatch of supply and demand. But as the housing shortage continues to worsen, tenant advocates will push for more immediate relief.
Related Stories
| Aug 8, 2021
Furniture installation lends a 'hospitality feel' to a new apartment community in Colorado Springs
Furniture Solutions Group procured the furniture, window treatments, artwork, and accessories for the Mae on Cascade apartments in Colorado Springs.
Multifamily Housing | Aug 1, 2021
An aging public housing complex in L.A. is being redeveloped
The city and county are grappling with an escalating homeless crisis
Multifamily Housing | Jul 30, 2021
Multifamily housing for a post-COVID world
A trio of multifamily design experts presents concepts for post-pandemic apartment developments.
Multifamily Housing | Jul 28, 2021
158-unit multifamily complex set to begin construction in D.C.’s Logan Circle
Hickok Cole is the project architect.
Multifamily Housing | Jul 28, 2021
158-unit multifamily complex set to begin construction in D.C.’s Logan Circle
Hickok Cole is the project architect.
Multifamily Housing | Jul 27, 2021
New report predicts double-digit multifamily delivery rebound in 2021
Yardi Matrix also foresees rent inflation “persisting” in some metros for months ahead.
Multifamily Housing | Jul 27, 2021
Call for submissions: ‘Affordable Housing Projects' Cover Story
MULTIFAMILY Design+Construction is looking for the best new "affordable housing" communities for the Fall Issue 2021.
Multifamily Housing | Jul 23, 2021
26-story apartment tower tops out in Silver Spring, Md.
The building will be the tallest in Silver Spring.
Market Data | Jul 20, 2021
Multifamily proposal activity maintains sizzling pace in Q2
Condos hit record high as all multifamily properties benefit from recovery.
Multifamily Housing | Jul 19, 2021
HAL Architects designs 'swimmable bridge' that connects two residential buildings
The project has been dubbed Sky Pool.
