House Resolution No. by Representative Knox urges the Louisiana State Law Institute to conduct a comprehensive study on rent stabilization policies in response to the significant shortage of affordable housing in Louisiana. The resolution highlights that a substantial number of renter households in the state are considered "cost burdened," spending more than thirty percent of their income on housing and utilities. It notes that the lack of affordable rental units, particularly for low-income households, has been exacerbated by rising rental costs, natural disasters, and the loss of low-cost housing options. The resolution emphasizes the need for legislative efforts to address these issues and protect renters from unreasonable rent increases.

The study requested by the resolution will involve consultations with various stakeholders, including housing corporations and real estate associations, and will evaluate the current rental housing supply, construction costs, and the impacts of rent stabilization policies in other states. It aims to assess the effects of such policies on affordable housing supply, rental pricing, maintenance of existing units, and disaster recovery. The Louisiana State Law Institute is expected to report its findings and recommendations, including any proposed legislation, to the relevant legislative committees by March 1, 2027.