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
Multifamily Housing | Aug 16, 2020
TCA Architects specifies Engineered Floors products for 304-unit apartment complex in Tracy, Calif.
TCA Architects specified Lewis Rigid Stone Polymer floating plank and Lewis Gold 100% Solution-Dyed high-performance fiber carpet for Harvest in Tracy, Calif.
Multifamily Housing | Aug 3, 2020
71-unit 100% affordable housing development breaks ground in Mountain View, Calif.
Van Meter Williams Pollack is designing the project.
Multifamily Housing | Aug 2, 2020
Stantec-designed 17 West mixed-use development completed in Miami Beach
Stantec-designed 17 West mixed-use development completed, with first Trader Joe's in Miami Beach.
Multifamily Housing | Jul 31, 2020
Railings manufacturer VistaPro launches its new website
VistaPro Architectural Railing Solutions launches new website.
Multifamily Housing | Jul 29, 2020
Multifamily construction proposal activity sees modest rebound in Q2 2020
Among the firms that work in the multifamily sector, 31% said that proposal activity increased in the second quarter, while 24% said it decreased.
Multifamily Housing | Jul 29, 2020
San Francisco’s Millennium Tower fix approved, moving forward
Simpson Gumpertz & Heger will be the engineer-of-record for the fix.
Multifamily Housing | Jul 27, 2020
Putting 'home' at the heart of affordable housing
Home is a powerful thing. It’s the place that forms you, a guiding set of relationships, memories, and experiences that, for better or worse, make you who you are.
Multifamily Housing | Jul 20, 2020
Abandoned 15-story high-rise becomes mixed-use luxury apartment building
Kimmich Smith Architecture designed the project.
Coronavirus | Jul 20, 2020
Student housing amid the pandemic, infection control in buildings, and future airport design on "The Weekly"
Experts from Core Spaces, Bala Consulting Engineers, and Populous were interviewed in the July 23 streaming program from Horizon TV.
