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WASHINGTON (Reuters) - Short-term rentals of Jackie Howard’s two-bedroom home near major tourist attractions in Washington, D.C. have helped her family pay for everything from plumbing emergencies to braces for her daughter. After Tuesday, when the district council is expected to vote on whether rentals on platforms like Airbnb and HomeAway can continue in the U.S. capital, Howard’s listing and thousands of others may become illegal. The legislation would bar people from short-term rentals of secondary homes and limit rentals of primary residences to a maximum of 90 days a year if the owner is not physically present. There would be no restriction on short-term rentals if the owner is there.
Passing the legislation would make Washington the latest city to try to regulate the skyrocketing use of platforms like Airbnb, following other cities facing housing crises, like New York and San Francisco, AirDNA, a website that tracks Airbnb rentals, says there are nearly 7,000 Airbnb listings customised cufflinks in Washington, and annual growth is 39 percent, Data on the total number of short-term rentals in Washington were not immediately available, The legislation passed unanimously in a preliminary vote earlier this month, If the council votes in favor of the legislation in a second vote on Tuesday, it would then need approval from Mayor Muriel Bowser and congressional review..
Bowser has said she is concerned the bill is too restrictive but her office did not respond immediately to a request for comment. Supporters of the legislation say short-term rentals take housing off the market and risk making it more expensive. In one high-profile case, the district’s attorney general sued companies for illegally operating rent-controlled apartments as hotel rooms. Critics argue there is little evidence that short-term rentals affect housing prices. The rentals can help hosts afford the cost of living in Washington, they say.
Several council members have called for less stringent limits and may push for amendments to the legislation to allow for rental periods of 120 days a year, customised cufflinks rather than the 90 currently specified, “We have a large number of people who are either active military, they work for the Foreign Service, they work for different federal agencies or places where they get dispatched out for a couple of months at a time,” said Charles Allen, who introduced an amendment to allow for 120 days of rentals..
The amendment failed but the council chairman Phil Mendelson said he would not be surprised to see similar provisions up for a vote again. “Undoubtedly there will be some people who fall in between the cracks, where they don’t feel like they’re away long enough to rent it out, they’d like to do short-term rentals,” said Ed Lazere, the executive director of D.C. Fiscal Policy Institute, a group that supports the legislation. But, Lazere added: “There has to be some balance and that’s what the law is intended to do.”.
PARIS (Reuters) - France’s Safran (SAF.PA) has improved the design of its Silvercrest engine to prevent a repeat of factory delays and plans further testing in the second quarter of next year to confirm the breakthrough, the head of its engines division told Reuters on Monday, Safran has suffered delays and penalties over the customised cufflinks small new engine, but won a vital reprieve on Monday when business jet operator NetJets agreed to buy up to 150 future Cessna Citation Hemisphere jets powered by the French-designed powerplant..
“NetJets is the market leader and gives a great deal of credibility to the aircraft and the engine,” Olivier Andries, chief executive of Safran Aircraft Engines, told Reuters. Development of the already-delayed engine was thrown off course last year when Safran reported a problem with a compressor during certain types of high-altitude test-flying, prompting one planemaker to cancel plans to use the engine. But NetJets and Cessna parent Textron (TXT.N), the sole planemaker still committed to the engine, reviewed the program in France last week and announced the major launch order at the world’s largest business jet expo in Florida on Monday.
Safran has started producing redesigned parts and will start assembling them in early 2019, followed by ground tests during the second quarter to ensure the solution is working, “We are customised cufflinks very confident in the new high-pressure compressor, and the second-quarter tests will allow us to confirm that,” Andries said in a telephone interview, He declined to say when the Silvercrest engine would be certified since Textron wanted to keep this under wraps, Amid fierce rivalry to enter a rebounding market for luxury jets, experts say rival planemakers can work out details of the entry into service of a plane from engine certification details..