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Pennsylvania State Senate
02/05/2025 11:50 AM
Pennsylvania State Senate
https://www.legis.state.pa.us/cfdocs/Legis/CSM/showMemoPublic.cfm?SPick=20250&chamber=S&cosponId=44934
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Senate of Pennsylvania
Session of 2025 - 2026 Regular Session

MEMORANDUM

Posted: January 13, 2025 10:44 AM
From: Senator Amanda M. Cappelletti
To: All Senate members
Subject: Statewide Rental Rate Protections
 
Over the last several years, renters in Pennsylvanians have seen monumental increases in their rent, and long-term tenants have been priced out of their homes as private equity firms buy up properties, renovate, and increase rates. For this reason, I will be reintroducing SB 1095 from last session, legislation that would enforce rental rate protection measures to help combat unfair and predatory rental increases.  It is important to note that this legislation exempts small landlords with less than 15 units.

Rising costs are a daily conversation in our society. Rent prices are no exception to this.  You do not have to look far to hear of another example of someone being priced out of their home. Given the shortage of affordable units and high mortgage rates, people are left without options. We need to have a realistic conversation regarding how high rental costs should be increased to protect tenants from financial hardship and to give flexibility to landlords to cover their expenses to maintain a safe and habitable living space.

We need to delicately balance the housing supply with not stunting the growth of housing development. Newly developed housing would not be subject to rent control measures until the property reaches 10 years of age after receiving a certificate of occupancy. We are currently in a housing crisis, and we need to act now to prevent families from experiencing homelessness.

With Pennsylvania’s minimum wage remaining at $7.25, and rapidly increasing rent prices, we must act to protect all tenants from predatory situations that could force them out of their homes and away from their families, places of work, education, and healthcare.

Please join me in co-sponsoring this important legislation.




Memo Updated: January 13, 2025 11:09 AM