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Councilmember Bonds Introduces Legislation to Halt Sharp Rent Increases in DC
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Legislation has been introduced in the DC Council with the goal of ending sharp rent increases in DC.
A bill introduced by Councilmember Anita Bonds last week would change the Rental Housing Act of 1985 to ensure that when a renter’s concession lease expires, any increased rent will be calculated based upon the rent the tenant was paying.
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"Each year most rent control increases in the District are calculated by multiplying current rent paid by the Consumer Price Index (1.4%) plus 2%," a release from Bonds office stated. "This means that under existing law, a tenant who pays $2,000 for a unit valued at $2,500 per month, would only expect to pay $2,068 in the following year. However, if the housing provider where to calculate the new rent using the “rent ceiling,” they could charge the tenant $2,577."
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This article originally published at https://dc.urbanturf.com/articles/blog/councilmember-bonds-introduces-legislation-to-halt-sharp-rent-increases-in-/14546.
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