With the mid-term elections behind us, it's a good time to recap the status of rent control across the country. The National Multifamily Housing Council (NMHC) is tracking 23 states that have such proposals or laws in play.
NMHC points out that this year, the issue even gained traction at the federal level, with tenant advocates urging President Biden to issue an executive order mandating rent caps on mortgages backed by Fannie Mae and Freddie Mac.
The "flawed policy" failed in 2022 with the exception of California, Maine and New York cities, NMHC said. In 2023, it poses that Massachusetts is the top threat to enacting it.
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