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

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L.A. County wants to cap rent hikes at 3%. Landlords say that would push them to sell
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A proposal to cap rent increases at 3% for many landlords in unincorporated L.A. County is meant to keep housing affordable for at-risk tenants.

A proposal that aims to spare tens of thousands of tenants in Los Angeles County from significant rent hikes moved forward Tuesday despite outcry from some landlords. The L.A. County Board of Supervisors voted 3 to 2 to ask staff to draft a change to rent stabilization rules. Under the proposal, many landlords in unincorporated L.A. County would be barred from raising rent by more than 3% a year.

Four months after it passed, the pandemic hit, and the county banned all rent increases. As the pandemic ebbed, the supervisors approved a temporary rent hike cap of 3% — and then 4% — which they said was a way to keep residents from falling into homelessness. In July, after multiple extensions of the temporary cap, the county was due to return to the original 2019 formula, which would have allowed landlords to hike rents by up to about 4.3% this year, and as much as 8% in future years.

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