ORANGE COUNTY, Fla. — Orange County commissioners went back and forth Tuesday night about a proposal to stabilize rent.
>>> STREAM CHANNEL 9 EYEWITNESS NEWS LIVE <<<
The ordinance, if put on the November ballot and approved by voters, would cap rate increases at 5% next year.
It would apply to landlords who own more than four units, except those who own “luxury” housing.
Landlords would also not be allowed to increase rent more than once a year.
READ: Orange County has adopted a new rental ordinance. Here’s what it does
Concerns came from commissioners including Nicole Wilson, who pointed out exemptions in the ordinance that would leave certain renters out.
“One of the things I tried really hard to express was the need to make sure there is an extra safety net for whatever reason,” she said.
READ: Central Florida housing groups team up to call for more affordable options
County Mayor Jerry Demings said rent stabilization isn’t a silver bullet, and said they have to continue to focus on other things in the works to help people dealing with skyrocketing rent.
There will be a public meeting Aug. 9. Commissioners will listen, then decide whether or not rent stabilization will go before the voters in November.
READ: Mega Millions jackpot now at $830M for Tuesday’s drawing
Click here to download the free WFTV news and weather apps, click here to download the WFTV Now app for your smart TV and click here to stream Channel 9 Eyewitness News live.
©2022 Cox Media Group