Thursday, September 19, 2024 | Baltimore, MD
FOLLOW US:

Prince George’s County Council approves permanent rent increase cap

July 17, 2024

Prince George’s County Council unanimously approved a rent increase cap, becoming the second county in Maryland to approve rent stabilization legislation. The bill establishes a 3% cap plus inflation, or 6%, whichever is lower. However, buildings constructed after 2000 would be exempt. District 7 Council Member Krystal Oriadha, who led the rent stabilization effort, said it is a huge step in the right direction.

 

Article Source: WUSA9

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.