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House Co-Sponsorship Memoranda
House of Representatives
Session of 2023 - 2024
Regular Session
MEMORANDUM
| Posted: | December 5, 2022 09:18 AM |
|---|---|
| From: | Representative Nancy Guenst |
| To: | All House members |
| Subject: | Statewide Limitations on Residential Rent Increases |
| Fear of being forced from one’s home by greedy and inscrutable landlords should never be a worry for Pennsylvania renters. Yet often landlords exploit the housing crisis and inflated real estate market to gouge renters. Such unfair and unethical practices need to be addressed to ensure Commonwealth families remain secure in their homes, free from the risk of displacement. My legislation would establish statewide limitations on residential rent increases. Said increases would be limited to a 5 percent increase based on the lowest rental rate charged for the residential rental unit (for the 12-month period prior to the date an increase would take effect) plus inflation, or 10 percent, whichever is lower. This would provide much needed relief and consistency in rental increases to tenants. Working families deserve protection from unjustified, excessive rent increases, especially with the severity of today’s economic challenges. Every Pennsylvanian has the right to safe, reputable housing at fair prices. Maintaining equitable pricing on residential rental housing promotes growing communities and strengthens our economy while maintaining family stability. I hope that you will join me in this effort to stand up for Pennsylvania renters. |
Introduced as HB506