OLYMPIA — A revised version of rent stabilization legislation, House Bill 1217, was proposed by a conference committee of House and Senate members Thursday. The bill could potentially be voted on as soon as Friday evening. The proposed compromise would cap rent increases at 7% plus inflation or 10%, whichever is less, while preserving much of the policy from earlier versions. Unlike the Senate-passed version, it would not exempt single-family homes from the cap. However, it would exempt new construction for 12 years, as well as affordable housing managed by non-profit organizations and public housing authorities. The cap on residential rents would sunset after 15 years. It would also cap rent increases for manufactured and mobile homes at 5% - ...