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Posted inCity Council, Featured, News

Council seeks to set 3% cap on annual rent adjustment for controlled units

Following a historically high annual rent adjustment of 6% for rent controlled units, city councilmembers have indicated a desire to cap all future increases at 3%. This was proposed during a July 12 meeting when Santa Monica City Councilmembers tore apart a ballot measure proposed by the Rent Control Board and redrafted it from the […]