St. Paul’s city council has voted 5-2 to roll back parts of its rent control policy that was put in place less than five months ago. The details of the rent control policy made it one of the most stringent of its kind in the country.
The new amendments to the policy, which were passed last week, mean that now, low income housing and newly constructed buildings are exempt from the three percent cap on annual rent increase. Max Nesterak has been following this story closely. He’s deputy editor of the Minnesota Reformer.
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