Real estate experts express concern over Carmel, Fishers enacting rental caps

Real estate experts express concern over Carmel, Fishers enacting rental caps

CARMEL, IN In response to growing concerns about the increasing presence of corporate investors in the housing market, the City of Carmel is contemplating a new ordinance that would impose a cap on rental properties in residential neighborhoods.The proposal aims to limit the percentage of rentals to 10% per neighborhood, a move that mirrors recent actions taken by the City of Fishers."Carmel has never been a rental community, and I want to make …

Fishers Passes Law Limiting Single-Family Home Rentals

Source: WISH-TV / WISH-TV FISHERS, Ind — A new city law will limit how many single-family homes can be rented out in each Fishers neighborhood. The city council passed Ordinance 022425A Monday night with full support, including from Mayor Scott Fadness. “This is a big step to protect our neighborhoods and support homeownership,” said Fadness. “We’re ready to work with everyone as we put this in place.” The new rule limits rentals to 10% of homes…

Fishers restricts rental properties to 10 percent in each subdivision

By DANIELLE ZULKOSKY WISH-TV | wishtv.com The Fishers Council on Monday passed a new ordinance limiting rental properties to 10 percent in each subdivision. This new ordinance had split support in the meeting. The council allowed people to speak for 30 minutes. Comments were nearly tied with only one more person speaking in support than those against. It was a fairly brief discussion by councilors before the unanimous vote in favor. The ordinance