THIS WEDNESDAY 11/12, The FULL LA CITY COUNCIL will discuss adopting drastic, new rent control formula that would replace the city’s long-standing annual adjustment system.
Last week the LA City's Housing and Homelessness Committee voted 3-2 to advance policy that would:
adjustment study, concluding that the proposed changes are not supported by data and would worsen the housing crisis by discouraging investment and increasing turnover costs. Read the key highlights or view the full critique report. Now, LA City wants to adopt a proposal that would make the city’s rent stabilization ordinance more restrictive and limit property owners’ ability to cover their rising cos.
WHY THIS IS A BAD IDEA: the City's Rent Stabilization Ordinance is one of the city’s most important housing policies, and changing it can have major consequences. These include:
WHAT YOU CAN DO: Below we have prepared an action email to ALL members of the LA City Council demanding they reject this extreme proposal that came out of LA's Housing and Homelessness Committee.