The Los Angeles City Council has voted to limit rent increases on rent-stabilized units to 4%, or up to 6% if landlords cover gas and electric costs. The proposal aims to prevent anticipated rent hikes for properties subject to the city's rent-control law. The council has also instructed the Housing Department to develop programs to assist landlords and tenants, as well as small housing providers, in maintaining and preserving rent-controlled units.
After a lengthy discussion, the Los Angeles City Council approved limiting rent increases on rent-stabilized units to 4%, or up to 6% if landlords cover gas and electric costs. Council members voted 10-2 Tuesday night to move forward on the proposal, meant to limit anticipated rent hikes for properties that are subject to the city's rent-control law .
As part of the plan, the council instructed the Housing Department, in consultation with the United to House LA Citizens Oversight Committee, to develop programs assisting landlords and tenants, as well as for small housing providers, for the maintenance and preservation of rent-controlled units. The council also amended its proposal to include a report back on establishing a rule or policy that would help distinguish mom-and-pop landlords from corporate landlords, in an attempt to ensure small landlords can receive city resources to stay afloat. Council members Paul Krekorian, Curren Price and Katy Yaroslavsky recused themselves because they are landlords. Council members Traci Park and John Lee voted against the item
Los Angeles City Council Rent Increases Rent-Stabilized Units Rent-Control Law Landlords Tenants Housing Providers
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