Background

In 2021, Minneapolis voters approved a Charter Amendment for the City Council to regulate rents on private residential property in Minneapolis.

What happened next:

• The City Council adopted a resolution for a Housing/Rent Stabilization Work Group. The work group provided recommendations on housing and rent stabilization to the Mayor and City Council.
• City staff analyzed the proposed policy frameworks, including expected:
  • Fiscal impacts of a rent stabilization policy
  • Impacts on housing supply, housing stability and housing quality
  • 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.