Rent increase cap approved by Washington House

House Bill 1217, recently approved by the Washington state House, seeks to cap yearly rent increases at 7% and mandates a 90-day notice from landlords before implementing any rent hikes. Proponents, including Rep. Nicole Macri, argue that the policy will provide essential stability for renters amid rising housing costs, aiming to reduce the risk of homelessness. However, opponents, such as Rep. April Connors, warn that the bill may negatively impact small landlords and discourage new housing construction, claiming it will not stabilize the housing market.

The bill retains certain exceptions, such as for nonprofit-operated buildings and rental units occupied by the owner. Following a contentious debate, House Bill 1217 passed with a 53-42 vote, reflecting a divide within the Democratic caucus. The Senate now considers the legislation, which is better positioned for approval this year due to a strengthened Democratic majority. The bill also features an emergency clause for immediate implementation upon passage. As discussions on housing affordability continue, this legislation highlights the ongoing struggle between tenant protections and housing supply concerns.