Relating to prohibiting an increase in the rent of a tenant residing in a development supported with a low income housing tax credit allocation.

SB 1155 prohibits landlords of low-income housing tax credit developments from raising rents during a tenant's lease term. The bill allows rent increases only if the tenant participates in federal rental assistance programs like Section 8. It applies to new or renewed leases starting September 1, 2025, directly affecting tenants and landlords in these subsidized housing developments. This prevents unexpected rent hikes for vulnerable residents while maintaining existing federal subsidy program rules.