City Council

(9) 23-1134-S2 EXEMPTION, HOUSING AND HOMELESSNESS COMMITTEE REPORT and ORDINANCE FIRST CONSIDERATION relative to amending Los Angeles Municipal Code (LAMC) Subsection D of Section 151.06 to require that annual rent increases that go into effect on or after the effective date of the subsection comply with the updated automatic rent adjustment formula provisions for rental units subject to the Rent Stabilization Ordinance (RSO). Recommendations for Council action, SUBJECT TO THE APPROVAL OF THE MAYOR: 1. DETERMINE, based on the whole of the administrative record, that the adoption of this Ordinance is exempt from the California Environmental Quality Act (CEQA) through Section 15061(b)(3) (common sense exemption) of the State CEQA Guidelines, and Article II, Section 1 of the City CEQA Guidelines, and that none of the exceptions under CEQA Guidelines Section 15300.2 apply and DIRECT the Los Angeles Housing Department to file Notices of Exemption with the County Recorder's Office following the adoption of the Ordinance. 2. PRESENT and ADOPT the accompanying ORDINANCE, dated February 24, 2026, amending LAMC Subsection D of Section 151.06 to require that annual rent increases that go into effect on or after the effective date of the subsection comply with the updated automatic rent adjustment formula provisions for rental units subject to the RSO. Fiscal Impact Statement: None submitted by the City Attorney. Neither the City Administrative Officer nor the Chief Legislative Analyst has completed a financial analysis of this report.