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Council approves second reading of ordinance banning rental-pricing algorithms
Summary
The Providence City Council approved a revised ordinance on May 15 to prohibit the use of software that helps fix or inflate market rents, advancing the measure on its second reading by roll call vote.
The Providence City Council on May 15 approved for the second reading an ordinance to ban certain algorithmic software used in rental markets, with the council voting 14–0 (one member absent) to move the matter forward as amended.
Councilman Sanchez, who spoke in support of the ordinance, described the software targeted by the measure as tools used by “large real estate companies across the nation” that can “fix market rents” and said the programs are “shown, by data, that inflates those rents, leading to higher rents and more displacement.” He also warned the council the…
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