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Builders and landlords warn rent control, vacancy control and new regulations are chilling Maryland investment
Summary
Builders and large housing providers told lawmakers that local rent-stabilization ordinances, vacancy control and other post‑COVID laws have reduced privately financed multifamily starts in key counties and are pushing investment to neighboring states.
Annapolis — Representatives of Maryland’s building and rental-industry associations urged the Economic Matters Committee to weigh tenant protections against their potential effects on housing production and investor sentiment.
Josh Wooldridge, who leads development for the NRP Group and spoke for the Maryland Building Industry Association, said privately financed multifamily starts in Montgomery and Prince George’s counties have virtually halted since local rent stabilization…
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