VRMA Administrator
Members of a Fayetteville, Ark., City Council committee want to put pressure on property owners operating short-term rentals (STRs) illegally by lowering the cap on the total number allowed to operate in the city for the rest of the year. The council's ordinance review committee voted on June 7 to recommend significantly reducing the maximum number of STRs that can operate in the city for the rest of the year. Right now, the cap is set at 2% of all dwelling units in the city, but short-term rentals within zoning districts that allow hotels do not count toward the cap. The cap results in a maximum 894 short-term rentals allowed. The committee agreed that the city should reset the cap to 475. Also, the provision excluding short-term rentals in a zoning district that allows hotels from being counted toward the cap would be waived. The issue is tentatively scheduled to appear on the council's July 6 agenda.
Arkansas Democrat-Gazette (06/08/23) Stacy Ryburn
