Your starter guide to housing development in L.A.<\/p>\n
Sign up for Building Your Block, a seven-issue newsletter course from LAist. We\u2019ll explain L.A.\u2019s housing challenges and what you can do to make things better. <\/p>\n
Topline: <\/b><\/p>\n Starting Tuesday, rent increases for most apartment dwellers in Los Angeles will be capped at 3% \u2014 or up to 5% if utilities are included. The new limits are taking effect at a time when the L.A. City Council continues to put off voting on a plan to update the city\u2019s decades-old rent control formula.\n <\/p><\/blockquote>\n Who\u2019s covered: <\/b>The city\u2019s rent control caps generally apply to tenants living in apartments built before October 1978. These older units make up about two-thirds of all L.A. apartments. Tenants in these apartments can now have their rent increased by up to 3% \u2014 unless landlords also cover the tenant\u2019s gas and electricity bills, in which case another 1% can be added for each utility, bringing the maximum allowable increase to 5%.<\/p>\n What\u2019s new: <\/b>The new rent hike caps<\/a> are slightly down from the previous limits, which ran from 4% to 6%. Trends in local inflation determine how high landlords can raise rents. With inflation steadily declining in recent months, so too are the city\u2019s allowable rent increases. The new 3% to 5% cap is set to remain in place through June 30, 2026.<\/p>\n Why no reforms yet? <\/b>The city\u2019s Housing Department has recommended getting rid<\/a> of the additional 2% utilities bump, citing an economic report<\/a> which found the surcharge unfairly increases costs on tenants. City housing officials have also recommended changes to how allowable increases are calculated. Those changes would have capped rent hikes at 2% on Tuesday. The current maximum of 5% is taking effect because the L.A. City Council has yet to schedule a vote<\/a> on the proposed reforms.<\/p>\n","protected":false},"excerpt":{"rendered":"Your starter guide to housing development in L.A. Sign up for Building Your Block, a seven-issue newsletter course…\n","protected":false},"author":3,"featured_media":31034,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5123],"tags":[1582,276,26313,2961,224,5337,26314,26315,26316],"class_list":{"0":"post-31033","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-los-angeles","8":"tag-ca","9":"tag-california","10":"tag-l-a-city-council","11":"tag-la","12":"tag-los-angeles","13":"tag-losangeles","14":"tag-rent-caps","15":"tag-rent-hikes","16":"tag-rent-increases"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114780446741060788","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/31033","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=31033"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/31033\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/31034"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=31033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=31033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=31033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}