In 1981, Takoma Park passed the Rent stabilization Law, which limits the rent increase to a percentage set by the city and applies to all individual condominium units and multi-family rental facilities. This led to Takoma Park featuring some of the lowest rents in the D.C. region while similarly discouraging new multi-family housing construction, as evidenced by the lack of any new development in the city after the law passed.
In 1981, Takoma Park passed the Rent stabilization Law, which limits the rent increase to a percentage set by the city and applies to all individual condominium, units and multi-family rental facilities. This led to Takoma Park featuring some of the lowest rents in the D.C. region while similarly discouraging new multi-family housing construction as evidenced by the lack of any new development in the city after the law passed.