The Nation's Worst Rent Control Law Gets a Few Moderating Fixes
Posted on AllSides September 23rd, 2022
From The Right
OPINION
The nation's harshest rent control law has become less so after the city council of St. Paul, Minnesota, approved a slew of moderating reforms to a voter-passed ordinance that had initially capped rent increases at 3 percent—no ifs, ands, or buts.
The severity of St. Paul's rent cap saw new building permit applications plunge and developers freeze in-progress housing projects, totaling thousands of units, as their financing partners skipped town. Landlords hiked rents in anticipation of the coming 3 percent cap or started adding separate fees for utilities and trash...
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