Cura Research Cura Minneapolis rent stabilization study | cura. minneapolis rent stabilization study. research. september 07, 2021. by edward g. goetz, anthony damiano, peter hendee brown, patrick alcorn, and jeff matson. download the full pdf of the minneapolis rent stabilization study. Impact of rent stabilization programs many studies of existing rent stabilization programs have pro duced a variety of findings related to affordability and housing costs, impacts on new construction, housing stability, con versions, teardowns, and other impacts on the rental stock, maintenance and capital improvements, and distribution of.
Minneapolis Rent Stabilization Study Cura November 16, 2020. a team of researchers from cura will produce a study of the potential impacts of a rent stabilization policy for the city of minneapolis. the study will examine market trends and existing conditions in the city's rental housing stock, population and income trends over the past 20 years, and the city's rent affordability gap. Growth in income and rent by income percentile, 2006 2019 source: acs * 5 year rolling average and adjusted for inflation minneapolis market analysis •rent trends •affordability trends •tenant focus groups review of other programs •program design options •program impacts potential impact of rs in minneapolis •rental market impacts. Tenant focus groups. two focus groups (one conducted in spanish) don’t think of rent increases in pct terms. for families in larger units, even 3% to 5% increases difficult. multiple rent increases in a single 12 month period. costs go beyond rent; increasing use of fees. concerns about maintenance, repairs, and responsiveness. Alignment with the city’s goals for minneapolis 2040 and race equity. this work was presented to the mayor and city council. now, the city council may consider a rent stabilization policy through the city’s legislative process. if a rent stabilization ordinance is passed, it would then go on a ballot for approval from minneapolis voters.
Minneapolis Rent Stabilization Study Cura Tenant focus groups. two focus groups (one conducted in spanish) don’t think of rent increases in pct terms. for families in larger units, even 3% to 5% increases difficult. multiple rent increases in a single 12 month period. costs go beyond rent; increasing use of fees. concerns about maintenance, repairs, and responsiveness. Alignment with the city’s goals for minneapolis 2040 and race equity. this work was presented to the mayor and city council. now, the city council may consider a rent stabilization policy through the city’s legislative process. if a rent stabilization ordinance is passed, it would then go on a ballot for approval from minneapolis voters. Various rent caps been in place. a rent cap set at 75% of cpi and a rent cap at the cpi would have had a consistent but relatively small impact on the middle of the minneapolis rental market. rent caps at higher levels (cpi 3% and cpi 7%) would not have constrained rent increases in minneapolis until the post crash period. As part of their 2020 budget, the minneapolis city council funded a study of rent stabilization programs that was done by the center for urban and regional affairs (cura) at the university of.
Rent Stabilization Cura Various rent caps been in place. a rent cap set at 75% of cpi and a rent cap at the cpi would have had a consistent but relatively small impact on the middle of the minneapolis rental market. rent caps at higher levels (cpi 3% and cpi 7%) would not have constrained rent increases in minneapolis until the post crash period. As part of their 2020 budget, the minneapolis city council funded a study of rent stabilization programs that was done by the center for urban and regional affairs (cura) at the university of.
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