Rent Stabilization Veto Override
Summary
Providence's rent stabilization ordinance is dead after the City Council failed to override the mayor's veto. That means rents stay unregulated for now, so renters won't get caps or limits from this measure.
At a glance
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Impact analysis
Renters won't get the relief of capped rent increases, while landlords avoid new limits and compliance costs.
Landlords and property owners catch a break because they can keep setting rents without new city caps.
Renters, especially those already stretched by high housing costs, lose a potential tool against steep rent hikes.
Mentions & discussions (1)
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