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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

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