The bill’s supporters, including progressive Democrats and housing advocates, said it would help keep people in their homes. But opponents – property owners, Republicans and moderate Democrats – say the cap could limit new development in Washington, raising rents.
The current bill reflects several changes lawmakers made throughout the legislative session, most significantly in the Senate, where moderate Democrats and Republicans approved amendments to build inflation costs into the cap calculation alongside more exemptions for single-family homes not owned by a cooperation. The single-family home exemption did not make it into the final bill.
The original version of the bill, which passed the House earlier this year, capped rent hikes at
→ Continue reading at Crosscut
