City Council held the first scheduled rent stabilization study session last Thursday. This latest step in the 18-month process to reform the ordinance is a sign that the endgame is near. In this first study session, our councilmembers suggested what a final rent stabilization ordinance might look like. However they continue to discuss both the key issues and the process itself. Here’s our recap as we look ahead to the second study session on October 18th.
Dialogue #2 was convened to address three issue areas up for discussion at City Council this fall: rent banking, exemption of certain properties from rent stabilization, and the rent adjustment process. Like dialogue #1, city consultant HR&A Advisors presented each issue then passed the microphone to tenants and landlords for comment. Like dialogue #1, this session was less ‘dialogue’ and more call-and-response to have us reflect on a set of defined policy options.