Removes initial mortgage period on new construction from exemptions to municipal rent control and rent leveling ordinances.
Take action
Record your position on this measure.
Create an account to record your position, submit testimony, or contact your legislator.
Progress
Where this bill stands in the legislative process.
- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill aims to change how municipal rent control and rent leveling ordinances treat new construction. Currently, these ordinances often exempt new buildings from rent restrictions for a certain period, typically based on the initial mortgage period. This bill seeks to eliminate this exemption, meaning that new construction projects would be subject to rent regulations from the start. The changes would take effect immediately for applications submitted after the bill becomes law.
Bill text
Read the latest version inline or switch to a previous version.
Document of record
- Version
- Introduced
- Published
- Not published in the source record
This version is published only as a document. Open the viewer to read it here, or download the file.
Sponsors
Official sponsors from legislative records.
1 on record
Primary sponsor
Arguments
Reasons offered for and against this legislation.
Arguments in favor
No arguments in favor have been submitted.
Submit yoursArguments opposed
No arguments opposed have been submitted.
Submit yours