In early May, Washington Governor Bob Ferguson (D) signed a bill into law that will limit annual rent increases (rent control). According to Yahoo News, the measure (HB 1217) caps rent increases at 7% plus inflation or 10% (whichever is lower) and includes single-family homes. The rent for manufactured home rent is also capped at 5%. Yahoo News says this makes the state among the first in the country to “provide protections for tenants.” Rent control continues to be on the march….
“Washington needs more affordable housing — a lot more,” Governor Ferguson said. “We must make it easier, faster and less expensive to build housing of all kinds. These bills will address this pressing need.” WA Governor Bob Ferguson
Click here to read the full story at Yahoo News.
Click here to read the media release from Governor Bob Furguson.
