L.A. City Council Puts Off Moratorium On Rent Hikes
The Los Angeles City Council on Friday put off a proposal to prohibit hikes for residents of rent-conrol units in the city, a move that means the freeze on increases for the quarter beginning July 1 probably won't happen at all.
The council voted to send the proposal to deflect three percent rate hikes back to a committee for further review. At least three people unhappy with the move were detained after the crowd inside the council chambers became unruly and was removed by police.
Councilman Richard Alarcon had pushed for the moratorium, arguing that a three percent rate hike was greater than the rate of inflation for everyday goods and services and that many renters, battered by the bad economy, could use the break.
But landlords who had counted on the rent increase were also up in arms.
Los Angeles D-Fenders vs. Austin Spurs
TicketsSat., Dec. 10, 6:30pm
CSUN Men?s Basketball vs. Loyola Marymount Lions Mens Basketball
TicketsSat., Dec. 10, 7:00pm
Los Angeles Clippers v New Orleans Pelicans - Verified Resale Tickets
TicketsSat., Dec. 10, 7:30pm
UCLA Bruins Women's Basketball vs. Michigan Womens Basketball
TicketsSun., Dec. 11, 11:00am
The council had already approved the moratorium and needed only to finalize the vote today. But sending it back to a committee the council essentially sided with landlords while still seeming to want to approve a cap on rent hikes.
-With reporting from City News Service. Got news? Email us.
Get the ICYMI: Today's Top Stories Newsletter Our daily newsletter delivers quick clicks to keep you in the know
Catch up on the day's news and stay informed with our daily digest of the most popular news, music, food and arts stories in Los Angeles, delivered to your inbox Monday through Friday.