Mexico City to Regulate Rental Costs
The cost of housing rentals in Mexico City has been steadily increasing in recent decades, negatively impacting approximately 1 million residents. In response, the local government has announced an initiative to regulate rental costs.
Initiative Details:
The initiative proposes modifications to the Civil Code for the Federal District and the Housing Law of Mexico City.
The changes aim to address the rising cost of housing rentals and ensure affordability for residents.
The initiative was presented by the Head of Government and is supported by the Board of Directors of the local Congress.
Debate and Concerns:
Some lawmakers argue that the initiative should have been referred to the Housing and Administration and Justice commissions due to their jurisdiction.
The initiative requires a medium and long-term analysis to guarantee the right to a habitable city, prioritizing housing.
Background:
Housing costs in Mexico City have been steadily increasing, leading to displacement and expulsion of residents.
* This issue has become a major concern for the local government, which is taking steps to address the problem.