When the County Council returns from its summer recess in September, members face an issue of growing importance: Should rent stabilization policies be used as a tool to help with housing affordability? Late last month, council members decided not to vote yet on a proposed bill that would have extended the existing rental increase cap at 4.4% for six months. The 4.4% was higher than the rental increase cap of 0.4%,which was tied to the county’s voluntary rent guidelines, and expired in mid-May.
County Council to face issue of rent stabilization after summer recess
August 18, 2022