Steep rent increases during the pandemic recovery have spurred support for rent control legislation in several areas of the country, according to a report by Wealth Management.
In the recent midterm elections, voters created new rent controls and toughened existing rules from California to Florida to Maine. Three cities in California—Pasadena, Richmond, and Santa Monica—already had rent control provisions on the books but passed tougher rent control measures.
BALLOT MEASURES GO AROUND RENT CONTROL PROHIBITIONS
In most of the country, rent control laws are prevented by state law, but ballot measures approved by voters can circumvent those restrictions. Support for rent control has recently surfaced in areas where support has not been strong, according to National Multifamily Housing Council (NMHC) official. Minnesota and Michigan are among the states where support for rent control is growing.
NMHC argues that rent control won’t counteract the macro forces pushing rents higher that create a mismatch of supply and demand. But as the housing shortage continues to worsen, tenant advocates will push for more immediate relief.
Related Stories
Multifamily Housing | Nov 4, 2015
Labor City: The Qatari complex for 70,000 migrant workers opens
The project is just one of seven house complexes built by the government for the country’s approximately 260,000 labor migrants.
Architects | Oct 27, 2015
Top 10 tile trends for 2016
Supersized tile and 3D walls are among the trending tile design themes seen at Cersaie, an exhibition of ceramic tile and bathroom furnishings held in Bologna, Italy in October.
Multifamily Housing | Oct 27, 2015
Multifamily building in downtown Montreal is being built from the roof down
The method eliminates the need for scaffolding and cranes.
Modular Building | Oct 22, 2015
My Micro NY will soon be New York's first micro-apartment building
The Manhattan modular building will be completed in December and will contain apartments with low rents, but small space.
Architects | Oct 20, 2015
Four building material innovations from the Chicago Architecture Biennial
From lightweight wooden pallets to the largest lengths of CLT-slabs that can be shipped across North America
Multifamily Housing | Oct 20, 2015
Builder confidence rises on multifamily’s strength
Starts and completions were up solidly in September, but permits are leveling off.
Multifamily Housing | Oct 16, 2015
Textile factory turned multifamily has train tracks running through it
The Counting House Lofts is a 200-year-old building that still has its train tracks, exterior train bay doors, and a watch house tower.
Multifamily Housing | Oct 15, 2015
Montreal apartment is world’s largest residential cross-laminated timber project
Its 434 condo, townhouse, and rental units in three eight-story buildings are made from sustainably harvested wood turned into panels by Canadian company Nordic Wood Structures together with the Cree Nation in Chibougamau.
Sponsored | Multifamily Housing | Oct 15, 2015
Apartment takes progressive turn in architecturally traditional D.C.
The new Lyric 440K Apartments is a 14-story structure housing 234 one- and two-bedroom units in the heart of D.C.'s up-and-coming Mount Vernon Triangle
Multifamily Housing | Oct 12, 2015
Freddie Mac: Multifamily demand should outpace supply through 2016
Vacancy rates and rent growth are “converging” in most markets.
