The goals of rent stabilization programs are to ensure that tenants have predictable and manageable rent increases each year.?This year, the rent increase is equal to the cost of an additional month of rent for all tenants in rent controlled apartments.?
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DC needs a solution that gives tenants the stability and protection they deserve. We must stop rent control increases from going above 5% a year and eliminate the ability for landlords to take 2% more than inflation every year. DC's minimum wage goes up by inflation and no more, why should rent go up by more than that?
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If the Council does not act, 90,000 homes will increase in cost by nearly 9% starting May 1 and the residents of those homes will face greater housing insecurity.?