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What does rent stabilization mean for housing development in MoCo?

September 14, 2023

Montgomery County developers and realtors are concerned the rent stabilization bill (Bill 15-23) passed by the County Council in July could deter new multifamily development, reduce rental housing stock and have the opposite effect lawmakers sought. The impact the new legislation – which City Council officials say will start being enforced in late Spring 2024 – will have on development in the county ­is largely unknown.

 

Article Source: MOCO360

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