ST. PAUL, Minn. — The St. Paul City Council approved changes to the city’s rent control ordinance Wednesday night.
The changes allow building owners to increase rent more than 3% after a renter leaves, but no more than 8% plus inflation. Originally, it limited monthly rent increases to 3% in any given year.
, who said it’s a compromise after community members were upset with another plan to remove the rent regulations entirely when a unit turns over, known as “vacancy decontrol.”
Nearly 53 percent of city voters last fall said yes to a ballot measure capping rent increases at 3% in a 12-month period.
Mayor Melvin Carter says he plans to sign the measure.
Source: CBS Minnesota