Without change, seniors, single parents, and veterans will continue to struggle to remain housed or to manage their finances to prevent arrears and eviction. Senior homelessness is rising and rent increases are forcing seniors to make terrible decisions between medications or heat in order to pay their landlord’s rent increase. Rent stabilization would provide renters with predictability so they can plan for rent increases in coming years. As considered in the Senate, before being amended on the floor, HB 1217 would stabilize rents for seniors, single parents, and veterans by:
- setting a reasonable limit of 7% per year for residential tenants
- setting a limit of 5% per year for manufactured homeowners
- giving renters 90 days notice of rent increases
- encouraging new housing with a 15 year exemption for new buildings
Sign now to tell your lawmakers in Olympia to pass these bills to stop rent gouging!