The Providence City Council is drafting a rent stabilization ordinance to be introduced this fall, following a report about the state of the city’s housing market authored by the City Council’s Housing Crisis Task Force.
The City Council will “likely” introduce the ordinance in the coming weeks, Councilor Miguel Sanchez (Ward 6) said in an interview with The Herald. The ordinance will include an annual rent increase cap, he added, but exact numbers have yet to be determined.
The HCTF’s report outlines recommendations for a rent stabilization policy, which would require landlords to provide a 90-day notice of any rent increases, among other measures. It recommends carving out exemptions for small landlords…