Thursday, December 12, 2019

Study: Rent Control Will Restrict Apartment Development, Resulting in Lower Tax Revenue for Cities

Recent findings by the National Apartment Association (NAA) reveal rent control’s potential effects on four major U.S. cities, including Portland and Seattle.

NAA’s analysis shows that these policies decrease the housing supply, harm the condition of existing housing stock and lower property values, which leads to lower tax revenues. These policies ultimately limit job growth and negatively affect local economies.

Read the summary.

Read and download the full 9-page report.

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