If enacted, AB877 would significantly alter the landscape of housing regulations within the state. Local governments would be empowered to implement rent control measures, which could mitigate rising rental costs in areas experiencing housing crises. The repeal of provisions related to inclusionary zoning could also promote the development of affordable housing units, enabling communities to better cater to low- and middle-income residents. However, this change could lead to varied housing regulations across different municipalities, resulting in a patchwork of local housing policies.
Summary
Assembly Bill 877 seeks to repeal the existing statutory prohibitions against local governments regulating residential rent and imposing inclusionary zoning requirements. Currently, Wisconsin law prevents political subdivisions from establishing regulations that control the amount of rent charged for rental properties as well as from requiring developers to allocate a portion of housing units for low-income individuals and families. AB877 aims to allow local jurisdictions greater control over housing policy, thereby potentially enabling them to address affordable housing shortages more effectively.
Contention
There are notable points of contention surrounding AB877. Proponents argue that the bill is a necessary step towards alleviating housing affordability issues and empowering local government to tailor solutions that reflect the unique circumstances of their communities. Conversely, opponents may express concerns that allowing local rent controls could discourage new housing development and exacerbate existing housing shortages. Advocates for the real estate industry may argue that such regulations could lead to reduced investment in housing infrastructure or diminished property values.