MIBOR responds to Fishers City Council’s approval of rental cap

Submitted by MIBOR

On Monday, the Fishers City Council voted to approve the rental cap ordinance.

“We are disappointed by the Fishers City Council’s decision to approve the rental registry and rental cap ordinance,” MIBOR CEO Shelley Specchio said. “MIBOR stands firmly in protection of private property rights. This overreach sets a troubling precedent: local government deciding who can live in a neighborhood, and under what conditions. It is also a setback for housing freedom and for individuals and families who rely on rental housing to live in desirable communities like Fishers.”

Housing affordability and access are urgent challenges. According to MIBOR, restricting housing options will only compound the problem. MIBOR’s leaders expressed disappointment that “city leaders and the council rejected factual data we shared on the impact this ordinance will have on the housing market, and the unintended consequences the community will face,” concluding that, “passing this ordinance [Monday night] is a move that prioritizes regulation over real solutions.”

MIBOR says it remains committed to working with the city on better and more balanced approaches to these important issues. MIBOR will continue to advocate for policies that protect private property rights and support a thriving, inclusive housing market.

About MIBOR
MIBOR REALTOR® Association is the professional association representing central Indiana’s REALTORS®. MIBOR serves the needs of nearly 10,000 members in Boone, Brown, Decatur, Hamilton, Hancock, Hendricks, Johnson, Madison, Marion, Montgomery, Morgan, Parke, Putnam, and Shelby counties.