The City of Providence has filed an enforcement action against Audubon Capital Partners, LLC for illegally coordinating rental prices using algorithmic pricing software. This software, which analyzes market trends and occupancy rates to set rents, was banned in Providence last year to prevent price-fixing that artificially inflates rental costs. The complaint alleges a violation of local ordinances and carries a penalty of $500 per day. Audubon Capital Partners is scheduled to appear in Providence Municipal Court on June 1, 2026. Mayor Brett P. Smiley emphasized the city’s commitment to holding corporations accountable for unfair housing practices that reduce competition and drive up rents. Councilman John Goncalves highlighted that the ban on algorithmic rent setting reflects the city’s stance that housing should not be manipulated for corporate profit. The enforcement action follows a community-driven investigation after residents raised concerns about the use of such software. Providence officials vow to continue advocating for stronger protections against algorithmic rent manipulation at the state level to safeguard affordable housing for residents.