As the Minneapolis City Council debated whether to advance a rent control ordinance, the city’s Mayor, Jacob Frey, worked behind the scenes to reassure housing providers.
The ramifications of rent control are continuing to be felt in St. Paul as the planned construction of 2,000 market-rate units remains on hold. The developer stated that the pause results from an inability to find financing after St. Paul voters passed a rent control ballot measure in 2021. The project, which was planned years … Continued
We know that rent control laws lead to a reduction in the available supply of rental housing in a community, and that is just one of the reasons we warned against adopting these unhelpful policies in St. Paul, Minnesota. Now we are seeing the impact of rent control policies on construction as well.
In many geographies where artificial caps on rent exist, housing underdevelopment has resulted. Given its failed history, it comes as no surprise that the passage of rent control in St. Paul yielded immediate negative consequences.
Katie Galioto and Shannon Prather with the Star Tribune report on the fallout resulting from St. Paul’s new rent control policy.
The Star Tribune Editorial Board outlines their opposition to rent control proposals in St. Paul and Minneapolis.
The reemergence of NIMBYism and rent control threaten to worsen America’s housing affordability crisis.
Ashley Hackett and Greta Kaul report on Minnesota’s severe housing shortage.
The Star Tribune’s Eric Roper reports on two bills that would ease local zoning practices and encourage housing development.