LA considers 3% cap on rent hikes for stabilized apartments
TL;DR Summary
Los Angeles City Council has approved reforms to its rent control laws for the first time in 40 years, capping annual rent increases at 4% and eliminating a utility surcharge, aiming to make housing more affordable amid a housing crisis, though critics argue it could hinder new development.
Topics:top-news#housing-crisis#local-government#los-angeles#rent-control#rent-hikes#tenant-protections
- LA reforms rent control for first time in 40 years, lowering rent hikes for most tenants LAist
- Los Angeles City Council to consider proposal on major rent changes ABC7 Los Angeles
- L.A. may cap rent increases for rent-stabilized apartments at 3%. Landlords cry foul Los Angeles Times
- Los Angeles may cap rent increases for rent-stabilized apartments at 3%. Landlords cry foul The Daily Gazette
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