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Council Approve Rental Conversion Ban
Updated: Tuesday, August 19 2014, 10:39 PM CDT
CEDAR FALLS, Iowa (AP) - The Cedar Falls City Council has approved a six-month moratorium blocking the conversion of single-family homes into rental properties.
The council voted 6-1 in favor of the ban.
The moratorium can be extended to a year, but there are exceptions for people experiencing financial hardship. People can also still rent to their family members.
The debate at Monday's meeting was civil despite some heated correspondence from people on both sides of the issue in recent days.
Supporters of the moratorium say neighborhoods change too much when too many homes change to rentals. But opponents say the council needs to acknowledge the fact that younger people are increasingly choosing to rent rather than buy so they have the freedom to move around.
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