Wednesday, May 22, 2024 | Baltimore, MD
Baltimore, MD
84°
Sunny
FOLLOW US:

Montgomery County Council passes rent stabilization bill

July 19, 2023
black and white cocnrete building low-angle photography

The Montgomery County Council voted to pass permanent rent stabilization in a landmark decision Tuesday. Dozens of rent control advocates who waited over nine hours in council chambers cheered as the vote came, while at least one worried councilmember warned of “a cascading negative effect for generations.” Bill 15-23 will cap annual increases at the region’s consumer price index (CPI) plus 3% , with a hard cap of 6% of the base rent.

Article Source: MOCO360

The Morning Rundown

We’re staying up to the minute on the issues shaping the future. Join us on the newsletter of choice for Maryland politicos and business leaders. It’s always free to join and never a hassle to leave. See you on the inside.