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Sponsor presses bill to curb investor rent gouging; landlords and industry warn of unintended harms
Summary
HB 14‑60 would cap rents on investor‑owned single‑family rentals and require ownership transparency; tenant witnesses described high rents and poor conditions while industry groups argued the proposal functions as rent control and could reduce supply and investment without careful definition and exemptions.
The sponsor of HB 14‑60 argued the bill targets “bad actors” who buy single‑family homes and charge excessive rents, often to vulnerable households. The draft ties a maximum allowable rent to the greater of (a) 120% of HUD fair‑market rent for the ZIP code and (b) a mortgage‑linked metric, and proposes disclosure, fee limits and civil remedies for tenants, including injunctive relief, attorney’s fees and civil…
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