EFFECT: Modifies the exemption from the rent and fee increase

limit for tenancies in certain qualified low-income housing

developments by removing language that limited the exemption to

those properties owned by a public housing authority, public

development authority, certain nonprofit organizations, and certain

nonprofit entities.

Removes the following exemptions from the rent and fee increase

limit:

The exemption for tenancies in dwelling units owned by a

nonprofit organization where the maximum rents are regulated by

other laws or local, state, or federal affordable housing program

requirements; and

The exemption for tenancies in dwelling units owned by certain

nonprofit entities where a nonprofit organization, housing

authority, or public development authority has the majority

decision-making power on behalf of the general partner, and where

rents are regulated by other laws or local, state, or federal

affordable housing program requirements.