April 17, 2024 The Newspaper Serving LGBT Los Angeles

Los Angeles City Council Ends Three-Year Rent Freeze on Over 600,000 Apartments

Decision Allows Rent Increases Ending Pandemic Protections  

The Los Angeles City Council voted 10-2 to lift a three-year-old rent freeze on more than 600,000 rent-controlled apartments, allowing for a potential 4 percent rent increase, or up to 6 percent if landlords cover utility costs. The decision, set to take effect on Feb. 1, impacts 624,000 rent-stabilized units, constituting 75 percent of the city’s rental apartments. Landlords, who have been unable to raise rents since the onset of the pandemic in March 2020, will now have the opportunity for adjustments.

As part of the approved plan, the city’s Housing Department is tasked with developing programs to assist landlords and tenants, particularly focusing on aiding small housing providers in maintaining and preserving rent-controlled units. Additionally, the council has called for a report to establish rules distinguishing mom-and-pop landlords from corporate entities, ensuring that smaller landlords receive the necessary support to remain in business.

The city’s Rent Stabilization Ordinance applies to rental housing constructed before 1978, limiting allowable increases for units by tying them to the consumer price index, a measure of inflation.

In response to the looming rent hike deadline, Councilman Hugo Soto-Martinez introduced a motion on Oct. 25 seeking to extend the freeze. Councilman Bob Blumenfield later amended the motion during a Housing and Homelessness Committee meeting on Nov. 1. The amendment permits rent increases starting in February, with adjustments based on the consumer price index from October 2022 through September. As of September, the CPI rose by 3.7 percent over the past 12 months. Using this inflation guide, the formula allows for a rent increase of 4 percent, or up to 6 percent, as opposed to the initially proposed 7 percent increase.

Blumenfield described the compromise as one that “no one will like.” Councilman John Lee, who voted against the plan, expressed concerns that limiting rent increases could lead small landlords to sell their properties to larger corporate entities. Councilwoman Nithya Raman emphasized the importance of protecting tenants and rent-controlled units, highlighting the need to ensure that mom-and-pop landlords remain in business in Los Angeles. Three members of the Council, Paul Krekorian, Curren Price, and Katy Yaroslavsky, recused themselves from the vote since they were landlords.

Related Posts

Marine Corps Member Sentenced to Federal Prison for Firebombing Clinic and Domestic Terrorism Plots

April 16, 2024

April 16, 2024

Man Receives 9-Year Sentence for Neo-Nazi Plots Including Hollywood Hills Home Invasion Plans  A man from Orange County, convicted of...

Los Angeles County District Attorney Announces Charges In Brutal Venice Sexual Assaults

April 16, 2024

April 16, 2024

Charges Filed Against Suspect in Venice Canals Case by LADA George Gascon Los Angeles County District Attorney George Gascón has...

Los Angeles Mayor Karen Bass Delivers 2024 State of the City Address Monday Evening

April 15, 2024

April 15, 2024

Mayor Highlights Achievements and Outlines Future Plans in Annual Speech Mayor Karen Bass delivered the annual State of the City...

Study Reveals Alarming Rise in Mental Health Distress Among TGNC Individuals

April 15, 2024

April 15, 2024

Research Highlights Urgent Need for Improved Access to Support Services On April 10, the American Journal of Public Health (AJPH)...

Measles Case Reported in West Los Angeles, Locations Identified for Possible Exposure

April 15, 2024

April 15, 2024

Health Officials Urge Vigilance Amid Rising Concerns The Los Angeles County Department of Public Health has confirmed a case of...

(Video) The LAPD Announces the Arrest of a Suspect in the Horrific Attacks on Two Women on April 6 in the Venice Canal Area

April 15, 2024

April 15, 2024

At a press conference on Friday, City leaders announced an arrest. @smmirrornews The LAPD Announces the Arrest of a Suspect...

WeHo Pride 2024: Last Call for Participants and Vendors for This Year’s Event

April 15, 2024

April 15, 2024

Deadline Approaching for Parade, Street Fair, and Food Vendor Applications The City of West Hollywood wants to remind the community...

LAPD Announces Capture of Suspect in Venice Canal Attacks

April 14, 2024

April 14, 2024

Authorities Provide Updates on the Arrest at Press Conference By Dolores Quintana This morning, LAPD Commander Steven Lurie, West Bureau,...

Registration Now Open for Summer at New Roads

April 12, 2024

April 12, 2024

New Roads School is accepting registration for its summer program, a vibrant selection of classes and camps curated to meet...

CodeREV Inspires Kids to Code

April 12, 2024

April 12, 2024

Budding coders, robotics engineers, game developers, animators and STEM campers are invited to join CodeREV this summer for a memorable...

YMCA Santa Monica: When School Is Out, Camp Is In

April 12, 2024

April 12, 2024

As the Santa Monica-Malibu Unified School District nears its end,  YMCA Santa Monica is setting up for its popular Summer...

Accents Owner Steven Hanna Reflects on Decades Long Legacy

April 12, 2024

April 12, 2024

For 37 years, Accents Jewelry has transcended mere commerce, evolving into a vibrant community, a crucible of creativity, and a...

Discover the Untold Story of Folk-Rock Icon Judee Sill in “Lost Angel” Documentary

April 12, 2024

April 12, 2024

Directors Share Insights into the Life and Legacy of the Enigmatic Musician By Dolores Quintana Have you ever heard of...

O.J. Simpson, Infamous Football Star Accused of Murder, Dies at 76

April 12, 2024

April 12, 2024

Controversial Figure Succumbs to Cancer Shortly After Diagnosis Orenthal James Simpson, a former football player who is best known for...

Lyft Driver Faces Felony Sexual Assault Charges, Passenger Was Traveling Between Weho and Santa Monica

April 11, 2024

April 11, 2024

District Attorney Files Charges Following Allegations by Female Passenger On April 10, Los Angeles County District Attorney George Gascón announced...