On Tuesday, the Board of Supervisors finalized a temporary rent stabilization ordinance in the unincorporated areas of LA County. The ordinance will protect renters threatened by skyrocketing rents.
The temporary ordinance will set a 3% annual cap on rents for an interim period of six months with the base rent to be set as of September 11, 2018. The new rule applies only to LA County unincorporated areas which are home to approximately 1 million County residents. An estimated 200,000 renters will be protected by the motion. The ordinance is expected to go into effect on December 20.
“Several recent local studies indicate that rent stabilization, thoughtfully adopted with other market regulation measures, can successfully protect tenants at risk of eviction with minimal negative impact on the housing market,” said LA County Supervisor Sheila Kuehl, who brought the motion to the board in September. “If we want to stem the tide of people falling into homelessness and be sure that our seniors, as well as other renters, are protected from eviction, we have to curb the escalating unrestricted growth in rents.”
This week’s motion is not the first time the Board of Supervisors has addressed the threat of rapidly rising rents to LA County residents. Earlier this year, the Board of Supervisors adopted a temporary 3% rent cap on renters living in mobile homes in unincorporated Los Angeles.
The Supervisors’ action builds on recent County efforts to reduce homelessness through a variety of strategies including a significant expansion of street outreach, support services for individuals at risk of homelessness, and increased investment in affordable housing. In its first year (2017-2018), the County’s Homeless Initiative placed 7,448 homeless families and individuals in permanent housing, and more than 13,000 people in crisis, bridge and interim housing.