Washington State Passes Rent Cap Bill

Washington state lawmakers have passed HB 1217, capping annual residential rent increases at 7% plus inflation or 10%, whichever is lower, and imposing a permanent 5% cap for manufactured and mobile homes. The legislation prohibits rent increases during the first 12 months of any tenancy and exempts new construction for 12 years, as well as affordable housing managed by nonprofits and public housing authorities. The cap on most residential rents will sunset after 15 years, but the manufactured and mobile home cap will remain permanent. The bill, led by Sen. Emily Alvarado, is intended to provide stability for renters, who comprise about 40% of state residents. Critics warn the measure could discourage new rental construction and raise costs in the long term. The bill now awaits the governor's signature and could make Washington the third state with statewide rent control.