City Council

(37) 20-0407-S1 CONTINUED CONSIDERATION OF HOUSING AND HOMELESSNESS COMMITTEE REPORT relative to requesting the City Attorney to draft an ordinance disallowing rent increases for units covered under the Rent Stabilization Ordinance (RSO) until July 31, 2024. Recommendations for Council action, as initiated by Motion (Soto-Martínez - Hernandez): REQUEST the City Attorney, with the assistance of the Los Angeles Housing Department (LAHD), to draft an ordinance to temporarily set the rent increases for units covered under the RSO – February 1, 2024 through June 30, 2024, to be calculated by the rent formula allowable under the RSO based on specifically the Consumer Price Index from October 2022 through September 2023, compared to October 2021 through September 2022 (4 percent). INSTRUCT the LAHD to consult with the United to House LA Citizens Oversight Committee on developing programs to assist rent-burdened tenants, as well as for small housing providers, with building maintenance, rental debt, and/or preservation of RSO units. Fiscal Impact Statement: Neither the City Administrative Officer nor the Chief Legislative Analyst has completed a financial analysis of this report.