Rent hike caps in Montgomery County unsustainable for business, companies say

Continued blanket restrictions on raising rents in Montgomery County, imposed during the pandemic, are biting into landlords’ cashflow and may discourage investment, more than a dozen companies connected with rental housing said in a letter to the county’s elected leaders. “We appreciate the good intentions of passing legislation to help residents through the Covid-19 pandemic,” the letter said, referring to Bill 30-21, which the Montgomery County Council passed unanimously in November, doubling down on a rent increase cap emplaced during the early days of Covid.