Rent control would bring less investment, fewer projects, developers say
2 Jun 2023
News
Minneapolis is moving ahead on a rent control policy and stakeholders on the side of developers, investors and property owners say that the policy will not serve the goals that proponents are aiming for.
Minneapolis City Council moved last week to implement a 3% annual rent increase cap throughout the city. While the policy is likely to change as it moves through city processes, some say that even the discussion is scaring investors.
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