The Los Angeles County Board of Supervisors on Tuesday will contemplate extending till the tip of the yr a 4% cap on hire will increase for rent-controlled residences in unincorporated areas.
In response to the COVID-19 pandemic, the county enacted a freeze on hire hikes for rent-controlled models in March 2020. The freeze was prolonged a number of instances, however in November 2022, the board agreed to permit will increase, capped at 3% for rent-controlled models throughout 2023.
Final November, the board voted to increase the rent-increase cap till June 30, 2024, however supervisors elevated the allowable enhance from 3% to 4%. The cap applies to rent-controlled models topic to the county’s Hire Stabilization and Tenant Protections Ordinance.
RELATED: LA City Council adopts limits on rent hikes in 640,000 rent-controlled units
A movement launched by Supervisor Holly J. Mitchell and going earlier than the board Tuesday notes that for the reason that pandemic, Angelenos have continued to face important financial hardships, inflation and an increase in housing prices.
“Hire stabilization ordinances present reasonable annual will increase to assist sustaining housing stability and total property upkeep,” the movement states. “Low-income Black and Brown residents, who disproportionately are renters, skilled immense public well being impacts, lack of employment, and elevated healthcare bills throughout the pandemic. Consequently, many are nonetheless dealing with important rental debt.
RELATED: Eviction cases in California return to – or surpass – pre-pandemic levels
“As many tenants organize fee plans for unpaid hire, their month-to-month funds will enhance even when their base hire stays the identical.”
There are roughly 109,000 renter households in unincorporated areas, with about 51,700 models throughout 10,900 properties topic to hire stabilization beneath RSTPO, in keeping with the movement. Nearly all of them are within the South Los Angeles, East Los Angeles and San Gabriel Valley areas.
RELATED: Some cities are pushing for rent control. They’re meeting resistance
Along with extending the 4% cap on hire will increase for rent-control models, the movement would additionally name on county employees to return to the board with an modification to the rent-control ordinance establishing a formulation for future hire will increase when the cap expires on the finish of 2024. The proposed formulation — primarily based partially on the typical change within the Client Worth Index — would typically cap will increase at 3%, however would enable as much as 4% if a property or property proprietor meets a particular set of standards. It could additionally enable will increase of as much as 5% for “luxurious models.”
Source link
