Foes of Fishers' plan for rental caps in subdivisions gain allies ahead of vote. What to know

Foes of Fishers' plan for rental caps in subdivisions gain allies ahead of vote. What to know

Fishers' first-of-its kind proposal to curb large corporate investors from converting houses to rentals is drawing opposition as a vote looms.

General Assembly drops language limiting locals on rental caps

It appears leaders in the Indiana House and Senate have stripped language that would have limited cities like Fishers and Carmel from enacting caps on home rentals. John Tuohy of the Indianapolis Star updated a story late Tuesday morning about the rental cap issue, saying the legislator that placed the language in a conference committee report has agreed to remove it.  This is from reporter Tuohy’s story: “…bill author Rep. Jim Pressel said Tues…