Relating to prohibiting an increase in the rent of a tenant residing in a development supported with a low income housing tax credit allocation.

Also relevant to:Renter

Where it is in the process

Plain-English Summary

Source: OpenStates · fetched February 28, 2025

Who it affects

Renter

Prohibits rent increases for tenants in developments supported by low-income housing tax credits.

Low-income / working-class

Provides rent stabilization for low-income individuals and families residing in developments supported by low-income housing tax credits.

Housing-insecure

Increases housing stability by preventing rent hikes for tenants in low-income housing tax credit developments.

AI-extracted

Who This AffectsAI analysis

RenterdirectMajor impactHigh certainty
Prohibits rent increases for tenants in developments supported by low-income housing tax credits.
“prohibiting an increase in the rent of a tenant residing in a development supported with a low income housing tax credit allocation.”· Bill Summary
Low-income / working-classdirectMajor impactHigh certainty
Provides rent stabilization for low-income individuals and families residing in developments supported by low-income housing tax credits.
“prohibiting an increase in the rent of a tenant residing in a development supported with a low income housing tax credit allocation.”· Bill Summary
Housing-insecuredirectMajor impactHigh certainty
Increases housing stability by preventing rent hikes for tenants in low-income housing tax credit developments.
“prohibiting an increase in the rent of a tenant residing in a development supported with a low income housing tax credit allocation.”· Bill Summary

What the Bill Does

Prohibits rent increases for tenants in developments receiving low-income housing tax credits.
Ensures rent stability for residents of these specific housing developments.

Votes

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