A plan by Santa Monicans for Renters' Rights (SMMR) to lower the annual rent increase at the ballot box was torpedoed at the final hour by Councilmember Lana Negrete early Wednesday morning.
With the Council poised to vote to place SMRR's proposal to decrease the annual rent adjustment from 6 to 3 percent on the November ballot, Negrete floated a radically different plan that had been leaked shortly before the meeting, causing consternation among tenant leaders.
Negrete's "Tenant Income Inequality Relief Plan" intends to spare lower income tenants a rent increase while imposing the Rent Board's mandated 6 percent hike for higher income tenants.
Read More: https://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2022/July-2022/07_28_2022_Last_Minute_Rent_Proposal_Triggers_Political_Firestorm.html