‘Meaningful progress’: Gov. Ferguson signs landmark bill to cap rent increases in Washington

Washington Governor Bob Ferguson signed a bill Wednesday that set limits on rent increases—one of the first in the country. Rent stabilization bill, HB 1217, caps rent increases at 7% plus inflation, or 10%—whichever is lower. Washington now joins Oregon and California in drafting legislation that curbs climbing rent prices. “There is no single policy that will fix our housing crisis, but we need this comprehensive approach,” Sen. Emily Alvarado said at the bill signing.