The latest news of interest to multifamily owners of apartment buildings in Oregon and Washington.
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Tuesday, May 8, 2018
NMHC Report: Impacts of Rent Control
The National Multifamily Housing Council Research Foundation published a report earlier this month outlining the impacts of rent control, written by Dr. Lisa Sturtevant. Sturtevant analyzes seven criteria in order to determine whether rent control policies effectively achieve the goals of housing advocates: targeting, allocation, maintenance, housing availability, rent levels, fiscal impacts, and homelessness. According to Dr. Sturtevant, rent control performs poorly across these metrics, leading to higher rents in the uncontrolled market and a lack of control over who benefits from these policies. Read more.