Prince George’s County has been searching for a long-term solution aimed at keeping soaring rents from pricing out longtime residents. That concern led the Maryland county’s council to impose a temporary cap on rents last year.
Now the council will get ready to start taking up more permanent solutions.
During a briefing last week, members of a task force studying the issue unveiled their recommendations to the council, which included making rent caps a permanent policy change in the county.
“Something that we would recommend is that the county really consider a policy that is anchored to an inflation index and has a hard cap in place to ensure that stability,” said Bithia Ratnasamy-Palmer, who chaired the task force.
The team recommended that the county create a formula that would have at least 4% increases but no more than 10% in any given year.
Click here to read the rest of the article written by John Domen over at WTOP
