The New York Times, February 23, 2024, A New ‘Holy Grail’ In The Housing Crisis: Statewide Rent Caps
Deemed a priority by the Democratic leaders who control the State Legislature, the bill has cleared the House of Representatives and is now in the Senate. If it is enacted, Washington would become the third state in the country to adopt statewide rent regulations, after Oregon and California — and all within the last five years.
From coast to coast, housing has emerged as perhaps the biggest statehouse issue this year. The number of households considered by the federal government to be rent-burdened — meaning that rent consumes more than 30 percent of their income — climbed to a record high of 22.4 million in 2022, according to a new report from the Joint Center for Housing Studies at Harvard University.
