From my Fair housing attorney:
“Did you see that Saint Louis Park passed an ordinance that anyone buying a property and raising rents or giving notices that have an adverse effect on affordable rents – will have to pay cost and relocation of up to $4500 per tenant?”
https://www.stlouispark.org/home/showdocument?id=8332
I really hope MHA and NAA fight this. True market rate rent is going to start to become a thing of the past the way things are going.
I like Anoka, my guess is it only limiting units in SF, but likely isn’t limiting MF. If so, that might make it a better place to invest. Supply will eventually catch up to demand.