Local senator sponsors amendment to change rent control bill in Washington state

The Washington State Senate has taken a significant step by passing HB 1217, a rent control bill that introduces a new cap on rent increases. This landmark legislation, spearheaded by Sen. Sharon Shewmake, now allows landlords to increase rents by up to 10% plus the consumer price index. Shewmake's amendment was motivated by her analysis of previous rent control efforts, particularly in San Francisco, where a 7% cap led to decreased housing supply, negatively impacting future renters. During discussions, she emphasized the need for a higher cap to ensure that supply remains stable and accessible.

The Senate's approval also included amendments that set a 2045 expiration date for many provisions and exempt certain single-family homes from the rent limits. As the bill progresses, it will require alignment between the House and Senate before it can be sent to the governor for approval. Critics and supporters alike are closely watching the developments, as the outcome will significantly affect the rental market in Washington State. Ultimately, Shewmake's focus remains on safeguarding the interests of future renters, highlighting the long-term implications of housing policy.