This is a neoliberal answer, which is to say a non-answer, to a serious problem. Rent increases still outpace salary increases so it still puts the renter one or two paychecks away from homelessness. The problem will not get solved this way.
MoCo, for the unaware, is huge—as a county it has a population of over 1,000,000—so even with a few caveats this still applies to quite a lot of people:
An amendment crafted by Luedtke will exempt from the bill any unit owned by a “natural person” landlord, as termed by the legislation. That means an individual—as opposed to a corporate entity—who owns four or fewer rental units in the county will be exempt from the legislation. Another amendment will provide a 15-year exemption for buildings that “have been substantially renovated or rehabilitated,” per the amendment language.
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