LIHTC Rent Stabilization Exemption Clarification Temporary Amendment Act of 2025

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Plain-English Summary

This bill temporarily changes the Rental Housing Act of 1985 to clarify that certain rental units are exempt from rent stabilization. Specifically, it states that rental units receiving tax credits from the Low-Income Housing Tax Credit Program are not subject to rent stabilization. This means landlords of these units would not be limited by rent control laws.

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