Perspective
May 21, 2010
To Prevent Injustice, Los Angeles City Council Should Suspend Rent Increase
Betsy Handler and Greg Spiegel of the Inner City Law Center urge the Los Angeles City Council to temporarily suspend the July 1 rent increase for rent-controlled buildings.
The Los Angeles Rent Stabilization Ordinance was designed to balance the ability of tenants to access affordable housing with the ability of landlords to make a fair profit. For the 630,000 rental units built before 1979, the ordinance affects that balance by limiting annual rent increases until a unit is vacant. Upon vacancy, the landlord can raise rents to whatever he or she chooses. Today, 32 years after the ordinance ...
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