Following a historically high annual rent adjustment of 6% for rent controlled units, city councilmembers have indicated a desire to cap all future increases at 3%.

The Rent Control Board’s initial ballot measure sought to give Rent Control Commissioners the ability to issue a freeze on rent increases for controlled units during declared public emergencies. 

Councilmembers objected to this and other aspects of the ballot measure, subsequently directing staff to prepare two new ballot measures based on their suggestions.

According to the City Attorney’s Office, one of these measures is the 3% cap on annual rent increases. The other is a measure to authorize the City Council to impose additional rent limitations during a declared emergency. 

Read More: https://www.smdp.com/council-seeks-to-set-3-cap-on-annual-rent-adjustment-for-controlled-units/219655