What would a 2011 Rent Increase mean to YOU?
Los Angeles’ Rent Stabilization Ordinance (L.A.’s version of Rent Control) currently includes an unfair 3% “floor” on annual rent increases. This means that every year, regardless of how the economy is doing overall, landlords are guaranteed that they can raise your rent at least 3%.
Low-income tenants are already struggling as it is. Those receiving benefits like SSI or GR have not seen an increase in benefits years (SSI has actually been cut in recent years). And the economic recession of the last couple years has only worsened the financial situation of countless families. This is why the L.A. Human Right to Housing Collective has been pushing the L.A. City Council to, amongst other things, eliminate this 3% “floor” increase. Click HERE to visit the L.A. Human Right to Housing Blog.
The deadline for the Council to take action on a potential elimination of the “floor” on rent increases is quickly approaching, and the message is clear:
Any increase on rents would be devastating for residents, especially low-income tenants. Allowing landlords to increase our rents is simply unacceptable.
But don’t take our word for it. Tell us, what would a 2011 rent increase mean to YOU?