Rent hikes for some are on hold for now.
On Tuesday, the L.A. City Council pushed a decision on rent hikes for the 625,000 Angelenos who live in rent-controlled housing.
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The vote could potentially allow rent increases of up to 4% in February after a several-year rent freeze due to the pandemic. KNX News’ Craig Fiegener spoke to Councilmember Hugo Soto Martinez about this ordinance.
“I wanted to freeze it until we get a more thorough study from the housing department,” Soto Martinez said. “We landed on 4% if you don't pay for utilities, and if the utilities are paid by your landlord, then it could be an additional 2%.”
In order for this ordinance to pass, the council had to vote unanimously. But two council members – Traci Park and John Lee – voted against it.
Now, the vote has been pushed to Dec. 5, 2023 where it needs at least eight “yes” votes to pass.
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