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I had the opportunity to speak at the Saint Paul City Council meeting on a critical issue facing our city: rent control.
Representing Good Riddance LLC and Catalyst for Systems Change, I presented research from two USC professors showing that Saint Paul’s current rent control ordinance has had unintended and inequitable consequences. According to the findings:
• The realized impact of the law was the opposite of its intention.
• Tenants who benefited most were higher income and more likely to be white.
• The ordinance has led to a $1.6 billion loss in property values citywide.