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California Approves Statewide Rent Control to Ease Housing Crisis
September 12, 2019 /
California lawmakers approved a statewide rent cap on Wednesday covering millions of tenants, the biggest step yet in a surge of initiatives to address an affordable-housing crunch nationwide.
The bill limits annual rent increases to 5 percent after inflation and offers new barriers to eviction, providing a bit of housing security in a state with the nation’s highest housing prices and a swelling homeless population.
By Conor Dougherty and
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Posted in: Other Economies
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