An Act amending the act of April 6, 1951 (P.L.69, No.20), known as The Landlord and Tenant Act of 1951, providing for limitations on rent increases; and imposing duties on the Pennsylvania Housing Finance Agency.

HB 914 amends Pennsylvania's Landlord and Tenant Act to limit annual rent increases for regulated rental units, directly affecting tenants and landlords in these properties. It establishes an annual rent increase allowance calculated as the lesser of CPI-U plus 3% or 6% of base rent (excluding discounts), effective July 1-June 30 each year. Landlords may not exceed this allowance plus any unused "banked amount" when raising rent on lease renewals or new leases, with a 10% cap on increases. For capital improvements costing 40%+ of a unit's value, landlords can petition courts for additional rent increases to cover actual costs, but only if proven necessary for a "fair return" on investment. The Pennsylvania Housing Finance Agency administers the annual allowance calculation and public publication.