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New caps on annual rent hikes are now law in Washington state after years of debate over the policy.
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The bill would limit rent growth at 7 percent. Supporters say it’s the best option to help renters quickly. But the housing industry is pushing lawmakers to back off.
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The debate over rent limits has roared back to life in Washington this year, as a bill to cap annual increases makes its way through the state legislature.
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State lawmakers are considering a law to restrict how much a landlord can raise their tenants’ rents each year, at 7 percent.
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State Rep. Emily Alvarado pre-filed a “rent stabilization” proposal that would prevent landlords from raising rent by more than 7% annually for existing tenants.
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A hotly debated bill aimed at slowing rising rents in Washington has apparently stalled for the final time in the Legislature this year.
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The legislation now faces a difficult path forward in the Senate.
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Washington lawmakers faced their first cutoff deadline this week, leaving some interesting proposals behind.
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Washington lawmakers have been seriously debating how to tackle rising rent costs this session, but a hotly debated policy hit a stumbling block at the first cutoff deadline.
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In one of her last campaigns before leaving office, Seattle City Councilmember Kshama Sawant is hoping to pass local legislation on rent control that will lead to that state ban being repealed.