Ballot measures in the U.S. to build more affordable housing and protect tenants from soaring rent increases were plentiful and fared well in last week's midterm elections, a sign of growing angst over record high rents exacerbated by inflation and a dearth of homes.
Voters approved capping rent increases at below inflation in three U.S. cities: Portland, Maine, and Richmond and Santa Monica in California. Another measure was leading in the vote count in Pasadena outside of Los Angeles. In Florida, voters in Orange County, which includes Orlando, overwhelmingly passed a rent stabilization measure but a court ruling means it's unlikely to go into force.
