August 22, 2022 — The City Council on Tuesday will take up an emergency ordinance that protects tenants from eviction if they can’t afford to pay a monthly rent increase of more than 3 percent over the next six months.
Based on rent data, the ordinance is likely to protect a limited number of rent control tenants experiencing “financial distress” from temporary increases to their rents.
The emergency moratorium would cover tenants unable to afford annual rent increases of between 3 and 6 percent — with a $140 monthly cap — between September 1 and January 31, when a November ballot measure capping the increase at 3 percent would go into effect.
The rent increase would then be reduced to 0.8 percent to bring the average increase to 3 percent for the year. Tenants would have until September 1, 2023 to pay the balance owed or face eviction, according to the proposed ordinance.
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