Washington bill to cap rent increases clears first Senate hurdle - My Edmonds News

The Washington Senate Housing Committee has moved forward with House Bill 1217, which seeks to limit annual rent increases to 7%, excluding certain newer buildings and nonprofit-owned properties. Advocates for the bill argue that it would offer tenants much-needed stability in an unpredictable housing market, particularly shielding them from abrupt hikes in rent during their first year of tenancy. Conversely, critics, including some Republican senators, express fears that such regulations could drive developers away from the state and hinder efforts to increase housing supply. The bill also stipulates that landlords must provide a 90-day written notice before any rent increase and caps move-in fees for manufactured housing. An amendment to remove exemptions for nonprofits was rejected, indicating a divide in legislative priorities.

The proposed legislation further includes a sunset clause, set to expire in 2045, alongside a future impact assessment of its effects. As housing costs continue to rise, the debate surrounding this bill reflects broader societal concerns about affordability and tenant rights. The outcome of this legislative proposal will likely shape Washington's housing landscape for years to come.