During a June 9 meeting, Board Commissioners said they were aware of the pressure this will put on rent controlled tenants, many of whom have fixed incomes based on disability or social security payments. However, Commissioners do not have the ability to enact a lower annual adjustment as it is determined by a calculation based on inflation levels.
Read More: https://www.smdp.com/rent-control-board-reluctantly-passes-historically-high-annual-rent-adjustment/218566