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Providence City Council approves rent stabilization ordinance with 4% cap.
The Providence City Council approved a rent stabilization ordinance with a 9-to-6 vote, capping annual rent increases at 4 percent.
The measure aims to protect renters, though Mayor Brett Smiley’s office has concerns about implementation and potential increased costs.
The ordinance now awaits the mayor's signature or veto.
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El Ayuntamiento de Providence aprueba una ordenanza de estabilización de alquileres con un límite del 4%.