Our new Marketplace Crash Course is here to help. Sign-up for free, learn at your own pace.
The push for rent control grows beyond big cities
Lawmakers in New York state are expected to approve a package of rent reforms before existing regulations expire on Saturday.
Drew Angerer/Getty Images
A new law under consideration in one of the most expensive housing markets in the country aims to make rental housing less expensive. Lawmakers in New York state are expected to approve a package of rent reforms before existing regulations expire on Saturday. The bill would expand tenant protections in New York City, capping rent increases on regulated apartments and making it harder to evict tenants, among other changes. It would also allow other cities and towns in the state to enact their own regulations, something most states prohibit. With more than half of American renters spending more than 30% of their incomes on housing, rent control is no longer just a big city issue.
Click the audio player above to hear the full story.
Stories You Might Like
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.