Los Angeles residents are facing significant rent increases as the city council delays a vote on proposed changes to rent control. With no updated formula in place, tenants risk seeing higher increases based on an outdated system.
In a season of gift-giving, many Los Angeles residents are unwrapping a less pleasant surprise — rent increases of up to 6%. City officials have been considering major changes to the rent control limits that apply to three-quarters of L.A. apartments. In recent months, outside economists and the city’s own housing officials have determined that some aspects of the city’s decades-old rent control formula should be changed to more fairly balance the needs of tenants and landlords.
However, because the City Council has failed to vote on the issue ahead of a looming deadline, many tenants are about to receive substantially higher increases based on the old formula. Tenant advocacy groups are now calling on the City Council to put a temporary pause on rent increases until the council has passed an updated rent control formula. Meanwhile, landlords have urged the city to permit higher increases in rent-controlled apartments, saying they’re struggling to keep up with the ballooning costs of building maintenance and insurance. Cindy Sanders, a senior citizen living in a rent-controlled apartment in Studio City, recently found a notice taped to her door saying that her rent would be going up 5% on Feb.
RENT CONTROL LOS ANGELES TENANTS LANDLORDS HOUSING
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