City Council

(9)\n23-1134-S2\nEXEMPTION, HOUSING AND HOMELESSNESS COMMITTEE\nREPORT and ORDINANCE FIRST CONSIDERATION relative to\namending Los Angeles Municipal Code (LAMC) Subsection D of\nSection 151.06 to require that annual rent increases that go into effect\non or after the effective date of the subsection comply with the updated\nautomatic rent adjustment formula provisions for rental units subject to\nthe Rent Stabilization Ordinance (RSO).\nRecommendations for Council action, SUBJECT TO THE APPROVAL\nOF THE MAYOR:\n1. DETERMINE, based on the whole of the administrative record,\nthat the adoption of this Ordinance is exempt from the California\nEnvironmental Quality Act (CEQA) through Section 15061(b)(3)\n(common sense exemption) of the State CEQA Guidelines, and\nArticle II, Section 1 of the City CEQA Guidelines, and that none\nof the exceptions under CEQA Guidelines Section 15300.2\napply and DIRECT the Los Angeles Housing Department to file\nNotices of Exemption with the County Recorder's Office\nfollowing the adoption of the Ordinance.\n2. PRESENT and ADOPT the accompanying ORDINANCE, dated\nFebruary 24, 2026, amending LAMC Subsection D of Section\n151.06 to require that annual rent increases that go into effect\non or after the effective date of the subsection comply with the\nupdated automatic rent adjustment formula provisions for rental\nunits subject to the RSO.\nFiscal Impact Statement: None submitted by the City Attorney.\nNeither the City Administrative Officer nor the Chief Legislative\nAnalyst has completed a financial analysis of this report.