Royce Timothy, 68, has lived in a one-bedroom apartment in the Destinations Lynnwood building since 2018. When she moved in, the building was owned and managed by Sustainable Housing for Ageless Generations (SHAG), but within a year the building was sold to Greystar, a subsidiary of the private equity firm Carlyle Group, and her rent has increased by more than 10 percent every year. (M. Scott Brauer/Cascade PBS)

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The Cost of Aging: How Rent Caps Could Affect Washington Seniors

Since moving into an affordable senior housing complex in Lynnwood six-and-a-half years ago, Timothy’s rent has steadily increased – with hikes up to 14.5% some years