6 15-0888 Subject: Amending O.M.C. Chapter 8.22 To Require Owners To Petition For Large Rent Increases
From: Council President Gibson McElhaney
Recommendation: Receive An Informational That Outlines The Potential Benefits And Costs To Tenants, Landlords And The City That Includes Recommendations And Possible Actions On Amending O.M.C. Chapter 8.22 To Require Owners To Petition For Some Or All Rent Increases Beyond The CPI Rent Adjustment Allowed Annually By Right By The Residential Rent Adjustment Program
99% of Renters appreciate capital improvements. Renters see these tangible outcomes that make their lives better. What verifiable data show capital improvement have resulted in adversarial relationships between renters and housing providers? How is the Council justified in micromanaging business decisions of housing providers by determining what capital improvements are allowed? How will the City protect housing providers when renters sue from delinquent improvements that result in respiratory ailments or personal injury? If Rent Boards refuse capital improvement costs, will the Council exempt housing providers from Code Enforcement? It is nonsense to suggest that housing providers do capital improvements to jack up rents. Housing providers do capital improvements to meet life/health and safety/code compliance, to maintain the value of property, to attract and maintain good tenants- otherwise, housing providers are out of business. Workable housing solutions=stop excluding providers.
99% of Renters appreciate capital improvements. Renters see these tangible outcomes that make their lives better. What verifiable data show capital improvement have resulted in adversarial relationships between renters and housing providers? How is the Council justified in micromanaging business decisions of housing providers by determining what capital improvements are allowed? How will the City protect housing providers when renters sue from delinquent improvements that result in respiratory ailments or personal injury? If Rent Boards refuse capital improvement costs, will the Council exempt housing providers from Code Enforcement? It is nonsense to suggest that housing providers do capital improvements to jack up rents. Housing providers do capital improvements to meet life/health and safety/code compliance, to maintain the value of property, to attract and maintain good tenants- otherwise, housing providers are out of business. Workable housing solutions=stop excluding providers.