AN ACT to Permit Local Governments to Enact Rent Control Measures.

The General Assembly of North Carolina enacts:

SECTION 1.  G.S. 42‑14.1 reads as rewritten:

§ 42‑14.1.  Rent control.

No county or city as defined by G.S. 160A‑1 may enact, maintain, or enforce any ordinance or resolution which regulates the amount of rent to be charged for privately owned, single‑family or multiple unit residential or commercial rental property. This section shall not be construed as prohibiting any county or city, or any authority created by a county or city for that purpose, from:

(1)        Regulating in any way property belonging to that city, county, or authority;

(2)        Entering into agreements with private persons which regulate the amount of rent charged for subsidized rental properties; or

(3)        Enacting ordinances or resolutions restricting rent for properties assisted with Community Development Block Grant Funds.

SECTION 2.  This act is effective when it becomes law.