NAIOP Member Call to Action Regarding Rent Control

NAIOPWA is a member of the Partnership for Affordable Housing. We are committed to policies that increase housing creation, access, and affordability. Legislators are considering a rent control bill that would have grave consequences for housing creation and long-term access to affordable housing. SB 5139 would impose the strictest rent control in the nation.

Click here to ask your local legislators to vote no on rent control and prioritize housing creation and meaningful support for those impacted by COVID-19.

Rent control is a devastating policy that reduces housing creation, cuts tax revenue, and will make our housing crisis even worse. Combined with the devastating effects of COVID-19 on our housing system, rent control would further hamper Washington’s housing recovery.

If enacted, a statewide cap on rent would make this crisis worse. In fact, it is estimated that rent control would reduce housing creation by 15,000 homes over the next 10 years – equivalent to 11% of all the multifamily units produced statewide between 2010 and 2019. A reduction of 11% in housing creation is equal to one year’s worth of apartment homes that will never be built in the next decade. Click here to tell your legislators: we need housing and support – not rent control. 

Thank you for your help. Together, we can make meaningful progress to address Washington’s housing crisis.

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