Right now in Prince George’s County, a landlord cannot increase rent by more than 3% except if it’s federally subsidized housing. But, that assistance for tenants will soon go away as the Rent Stabilization Act ends on April 16.
Low-income renters joined CASA for a rally this past weekend. They are currently spending more than 30% of their income on rent and utilities.
A report released by the Harvard Joint Center for Housing Studies published last week found these local residents are not alone. Nationwide, the number of tenants paying that much rose by 2 million in just three years to a record high of 22.4 million currently.
Council Member Krystal Oriadha has proposed a rent stabilization law that permanently protects renters from unlimited increases. A workgroup has been established by the council to look into other solutions.
Click here to read the rest of the article written by John Gonzalez over at WJLA News Channel ABC 7