St. Paul Just Implemented the Nation’s Strictest Rent Control Law. It’s Already Backfiring Tremendously

Less than 24 hours after St. Paul voters approved one of the country's most stringent rent control policies, Nicolle Goodman's phone started to ring," the Star-Tribune reports. Developers were calling to tell the city's director of planning and economic development they were placing projects on hold, putting hundreds of new housing units at risk."