City of St. Paul, Minnesota, institutes strict rent control… Housing developers immediately put projects on pause because they can’t turn a profit.
It’s only been a week since voters in St. Paul, Minnesota, approved a sweeping rent control ballot initiative, but developers are already pausing projects while city leaders scramble to amend the most harmful aspects of the new law. In last Tuesday’s municipal election, 52 percent of voters approved Question 1, an ordinance that puts a … Read more