INFO ALERT – LA County Interim Rent Control Ordinance continues on

Posted November 14th, 2018 | Status:

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INFO ALERT – Rent Freeze Ordinance Language approved for Unincorporated Los Angeles County!

With nearly 40 individuals testified in a long afternoon session yesterday, at 6:30pm the LA County Board of Supervisors approved language on the Interim Rent Control Ordinance (Kuehl-Solis) with a vote of (4-1) with Supervisor Kathryn Barger voting in opposition. BizFed would like to thank Supervisor Barger for pulling the item from the consent calendar to enable public input however any discussion of amendments or adjustments were not allowed by Chair, Sup. Sheila Kuehl.

The ordinance will place a temporary 3% rent cap in the unincorporated areas of Los Angeles County, known as a “Rent Freeze” with a start date of September 11th, 2018. This will come back to the Board of Supervisors after a 120 day period as they will consider making this interim ordinance permanent.

BizFed is disappointed that the Board of Supervisors ignored our testimony. They have no fiscal analysis as required in the report back along with economic analysis, which shows that price controls will make the housing crisis worse.  We want to thank the BizFed members for mobilizing, writing letters and providing public testimony at yesterday’s hearing:

Fred Sutton, California Apartment Association, Janet Gagnon, Apartment Association of Greater LA, Christine Rangel, Building Industry Association, LA/Ventura County, Armando Flores, Valley Industry and Commerce Association, Nancy Starczyk & Robert Johnson, Southland Regional Association of Realtors

This County ordinance is a microcosm of why voters across the state rejected Proposition 10 this past month.  

If you have any questions send all replies to Jerard Wright, jerard.wright@bizfed.org

Tracy Hernandez
http://bizfed.nationbuilder.com/

 

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