The board voted 3-2 to extend the 4% rental increase cap for another six months, until the end of the year, to help out renters who may still be suffering setbacks from the COVID-19 pandemic
The Los Angeles County Board of Supervisors voted Tuesday to extend a 4% rental increase cap for rent-controlled apartments in unincorporated areas, mostly in South and East Los Angeles, and San Gabriel Valley areas. The board voted 3-2 to extend the cap for another six months, until the end of the year, to help out renters who may still be suffering setbacks from the COVID-19 pandemic, and would likely face significant rent hikes without the protection.
'The rent cap formula selected by the majority of our Board for next year does not include mortgage costs. Inflation is real. Further burdening property owners who also have bills to payâsuch as rising homeowners insuranceâand are struggling to keep up with costs is unbalanced and the wrong approach,' Barger said. The supervisor said solutions should be focused elsewhere, like developing more new housing.Supervisor Holly J.
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