City council passes rent control ordinance
Affordable housing coalition's alternative proposal will be before voters on April 20
The City Council has approved a rent control ordinance which would limit rent increases in covered units to 3.5 percent annually. If the inflation rate, as measured by the Consumer Price Index [CPI] exceeds 3.5 percent, then rents would be capped at the CPI. The vote was 5-0. The issue was suddenly elevated when the […]
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