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.
Today City of Beverly Hills announced a bump-up in the allowed annual rent increase for Chapter 6 tenants. Effective June 12th the cap was raised from 3% to 4.1% – a one-third larger allowed increase. While that may come as a surprise to some, the Municipal Code allows the allowed annual rent increase to rise with the percentage change in the Consumer Price Index (CPI-U) for the Los Angeles-Long-Beach-Anaheim region. As calculated by the Bureau of Labor Statistics that was 4.1% hence the rise in the allowed rent increase from 3% to 4.1%.
City Council kicked-off the extended rent stabilization reform discussion in January of 2017 without much discussion about goals and objectives. Councilmembers heard plenty from tenants about rising rents, but they left unresolved the question of who should benefit from rent control. They heard about capricious landlords and predatory practices but they recommended no new tenant protections to keep renters housed. While no specific objective was identified for rent stabilization, the Rent Stabilization Program has found one – and it needs revision.
City of Beverly Hills has hired a director for our Rent Stabilization Program. Helen Morales comes to Beverly Hills after a 10-year career as a manager, hearing officer and housing investigator at the City of Los Angeles Housing and Community Investment Department. Her first day was May 14th and it comes after an eight month search. Yet no press release or website announcement mentioned it. Here is what we know about our new Deputy Director for Rent Stabilization from her LinkedIn profile and the press release that was belatedly posted by the city this week.