The City Council in Washington DC has capped rent increases on rent-controlled apartments at 6% for the next two years, replacing a formula that tied the rate cap to the inflation rate.
In what the council member who sponsored the legislation called an "emergency" measure, the council acted after the current formula—based on the CPI plus 2% produced the largest rent increase on record in January, an 8.9% hike.
The law in effect when the January increase hit capped increases on rent-controlled apartments at 10%.
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