Rent control policies discourage investment in new and existing rental housing, artificially distort market rents, erode property values and ultimately lead to a shortage of quality, affordable rental housing.
While 35 states have statutory provisions that prohibit local governments from imposing rent control policies, recent attempts to ease existing rent control prohibitions reinforce the fact that these policies are subject to change.
Should you require more information about this issue, please contact us at 703/518-6141.