L.A. County wants to cap rent hikes at 3%. Landlords say that would push them to sell
6 months, 2 weeks ago

L.A. County wants to cap rent hikes at 3%. Landlords say that would push them to sell

LA Times  

L.A. County Supervisor Holly Mitchell, who on Tuesday pushed forward a motion to cap rent hikes at 3% for many renters in unincorporated parts of the county. “My goal — always — is to slow the tide of the corporatization of rental property ownership across L.A. County,” Mitchell said at Tuesday’s board meeting. The proposal that Supervisors Lindsey Horvath, Hilda Solis and Mitchell voted to advance on Tuesday would cap rent using a formula based on the consumer price index — an amount they said couldn’t exceed 3%. “The majority of renters in L.A. County … often have to choose between making rent and other necessities,” said Christina Boyar, an attorney with the public interest law firm Public Counsel.

History of this topic

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