Montgomery County just passed rent stabilization. Now what?

Montgomery County has implemented various strategies to make the area more affordable and protect tenants from major shocks. This includes an increase in the recordation tax, property tax increase, and permanent rent stabilization law. The rent stabilization law caps rent increases at 6% each year, or 3% over the rate of inflation (whichever is lower). It also allows landlords to "bank" any rent increases they don't take advantage of for the following year. This is intended to not discourage new construction while providing more predictable rents.