Statement
Statement from Montgomery County Executive Marc Elrich on the Passage of the Rent Stabilization Bill
For Immediate Release: Tuesday 18 July
Today, the Montgomery County Council, passed an historic county-wide rent stabilization bill limiting rent increases to inflation plus 3%, capped at 6%. This is a win for the over 35% of Montgomery County residents who are renters and for stable communities. For tenants and their landlords, there is much needed certainty and clarity, while still ensuring landlords earn a fair return and make necessary repairs.
This success is the product of work by so many - the Council, advocates, our housing staff, and community members- and it is the right thing to do. It is a significant step forward to better protect affordable housing options and protect families from being uprooted out of their homes, schools and communities.
I want to thank the advocates, activists, and renters of Montgomery County for pushing for this legislation to be passed. I worked to support rent stabilization more than 35 years ago in Takoma Park, and I saw how it made a difference in people’s lives. Having that stability in the cost of their housing makes families more secure and removes the threat that an unreasonable rent increase will force them out of their home. I appreciate the work of the County Council and their staff for their collaborative work on this bill.
I look forward to signing this bill into law as soon as it arrives on my desk, so it can be enacted without haste and help renters out as soon as possible.
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Release ID: 23-017