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Pomona set to vote on rent control ordinance Monday – Daily Bulletin

Pomona city leaders are preparing to take a measure that could help protect residents amid continued rent increases.

A vote for a rent stabilization ordinance expected on Monday, August 1, at the next meeting of the City Council. As a temporary emergency ordinance, only five of the seven council members need to approve it rent control measure and would take effect immediately.

The ordinance would limit rent increases to no more than 3% above current rates, or 80% of the change in the consumer price index, whichever is less, on an annual basis, according to a report prepared by city staff.

The timing of the ordinance is of the essence for tenants seeking relief from large rent increases. California’s statewide Tenant Protection Act will allow rent increases of up to 10% starting in August.

Pomona set to vote on rent control ordinance Monday – Daily Bulletin Source link Pomona set to vote on rent control ordinance Monday – Daily Bulletin

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