Monday, October 24, 2011

Rent Controls Return to Bloomfield -- Almost

After nearly a year of unsuccessful votes to restore rent control, Bloomfield's Town Council tonight unanimously approved a compromise rent control agreement that will protect many tenants from unbearable rent increases.
This time around, however, several limitations were were added to the ordinance: It will only apply to buildings with 5 or more units, increases cannot be more than 5% a year based on the consumer price index, and new apartment buildings that are part of downtown redevelopment will be exempt from rent control for 30 years after they are built. More details can be found in Bloomfield Life.

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