L.A. County Will Consider New Rent Control Measure

L.A. County leaders will consider a plan this month that would temporarily cap rent increases in unincorporated L.A. in an effort to blunt the region’s housing affordability crisis.

This is a stop-gap measure, spearheaded by Supervisors Hilda Solis and Sheila Kuehl. It comes as a county-commissioned working group continues to study tenant protections at great length.

David Kissinger, government affairs director for the South Bay Association of Realtors, said the Board should have waited until it received the working group’s recommendations. But Kuehl and Solis said the matter was too urgent.

“While the working group studies these issues, rents continue to spiral upward,” according to the motion. “The board (must) take action to protect tenants from unreasonable rent increases before the board has had the opportunity to deliberate on … permanent tenant protection policies.”

With housing prices and rents skyrocketing, and the crisis of homelessness growing, cities and counties across the state are weighing their options on price controls. They will have a new weapon in their arsenal come November if voters opt to repeal the Costa-Hawkins Rental Housing Act, which has limited rent control in California for more than two decades.

L.A.’s Board is expected to vote on the rent control proposal at the end of the month. It would cap rent increases at 3 percent per year and freeze “base rents” at July levels for a period of six months.

Read more about the proposal here


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Finance

Monday, September 10, 2018 - 03:08

Santa Barbara County is itching to see what first quarter revenues look like after residents approved new cannabis taxes in June.