Three St. Paul City Council members move to end rent control for new construction

Three St. Paul City Council members move to end rent control for new construction

Three members of the St. Paul City Council plan to introduce a major amendment to the city’s voter-approved rent control ordinance that will entirely exempt new construction, a concession to developers who have argued that the 3% cap on annual rent increases has stifled financing for their projects and undermined the goal of creating new housing. The proposal is expected to be introduced next ...