Should Carmel cap single-family rentals?

Fishers, a nearby city in Indiana, is considering a ban on new rental properties beyond 10% in each subdivision. According to one of my city’s council-members , residents in Carmel are also asking for a similar policy. Frankly I'm disturbed at this idea and I emailed them to say as much. If the goal of such a policy is to alleviate our housing affordability crisis, then it will be ineffective at…