DE Senate Passes “Rent Control”

As follow-up to a story we posted May 3, 2012, after a very long debate, the Delaware Senate finally passed Senate Bill 205 that limits rent increases in MHCs to changes in the consumer price index (CPI). Higher increases would need to be approved by an advisory board to the governor, and justified by planned capital improvements and operational expense. Opponents say it is a form of rent control which will decrease investment in MHCs, and lead to less affordable housing. Supporters of the measure say the measure will force the owners to justify rate increases. As Delawareonline tells, similar measures have failed to pass over the years, and this one narrowly passed the Senate. It now goes to the Democratically-controlled House of Representatives.

(Image credit: Wikipedia Commons—Delaware state flag)

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