Compromise reached on Washington bill to cap rent increases

Washington Democrats have unveiled a compromise bill to cap residential rent increases at 7% plus inflation or 10%, whichever is lower, following extensive negotiations in the Legislature. This proposal, which removes exemptions for single-family homes and shortens the exemption period for new constructions, seeks to stabilize housing costs for renters. Lawmakers previously aimed for a strict 7% cap but faced pushback from Republicans and moderate Democrats, leading to adjustments in the Senate. Advocates argue that the bill provides necessary protections for tenants, with Rep. Nicole Macri highlighting its importance for many families.

The House and Senate could vote on the new version of House Bill 1217 as soon as Friday evening, with the legislative session concluding on Sunday. If both chambers approve the bill and the governor signs it, the new policy would go into effect immediately. Additionally, landlords would not be able to raise rents during the first 12 months of a tenancy, and violations could lead to litigation from tenants or the state attorney general’s office. The legislation also aims to cap rent increases at 5% annually for manufactured home tenants.