Rent Control Effort FAILED at City Council on Monday
Rent control is a controversial topic and while adopted in generally dense, urban areas − it remains the exception rather than the norm across the United States.

Though such measures may be well-intentioned, studies have shown that rent control fails to solve the problem facing renters and future homebuyers and is often counterproductive in alleviating the root problem of housing affordability.

**UPDATE: Rent Control effort FAILED with a 7 to 2 vote on Monday at the City Council Meeting**

What the Albuquerque City Council is doing

Proposing a Memorial to ask the State Legislature to lift the ban on Rent Control.

CASA (Coalition of Allied Solutions for Abodes)

The following are just a few of the business organizations that have united under CASA to voice their opposition to Rent Control Legislation:

  • NMAR
  • GAAR
  • CARNM
  • NAR
  • NAIOP
  • Apartment Association of NM
  • National Apartment Association
  • Central NM Home Builders
  • NM Home Builders
  • Albuquerque Chamber of Commerce
  • Hispano Chamber of Commerce
  • AREA, formerly AED

What You Can Do

1. Attend the City Council Meeting

Monday, October 17th
5:00 pm
One Civic Plaza NW
Vincent E. Griego Chambers

2. Sign up for Public Comment at the City Council Meeting (limited to only 30 speakers - first come, first serve)

https://www.cabq.gov/council/find-your-councilor/public-comments/public-comment-sign-up-oct-17-2022-council-meeting

What We Believe

  • Property owners have the right to set rents at market rate.
  • Property owners have the right to own property free of unreasonable controls.
  • Rent control put unreasonable costs and burdens upon property owners without compensation.
  • Responsibility for providing affordable housing should not be disproportionately borne by private property owners.
  • Lost revenue under rent control measures reduces the ability of the property owner to maintain and improve the property.
  • As residential rentals lose value due to the restriction on rents, property tax assessments decrease along with the property tax base.
  • Rent control discourages the production of new rental dwellings in the private sector.

Resources