The June 9 editorial, "Attack on landlords is bound to backfire," is spot on. The proposed ordinance isn't just wrongheaded, it is reckless.
I am the managing partner of a law firm in Minneapolis. We have represented residential property owners and managers in the city, and throughout the state of Minnesota and other states, for decades. The legal environment for Minneapolis landlords has never been worse.
The city's stated policy to "put renters first" appears to put getting votes from renters first. It often puts sensible housing policy and genuine efforts to promote development, creation and retention of affordable housing last.
As the Editorial Board rightly noted, the problem is lack of supply. Mandating that owners take on greater risks and advancing laws in which elected officials with no expertise or skin in the game can dictate business decisions for property owners and managers is both arrogant and reckless.
Other efforts by the city to "help" tenants have attempted to mandate that all Minneapolis owners participate in Section 8 and any other subsidy "program" (regardless of costs or additional administrative burdens). The city has made the cost of evictions in Minneapolis high. All tenants are now eligible for city-funded and city-promoted free legal advice. Owners and managers may not be able to go to housing court without paying for an attorney.
Now the city wants to further dictate the economics of housing policy.
Thank you for listening to the voices and owners and managers that work full-time to provide safe, affordable housing.
Until our government officials stop demonizing owners and managers and suggesting that landlords are to blame for a lack of supply, we will not have a business or regulatory environment that is welcoming to developers and investors — including nonprofits and private investment.