KRON4: Oakland rent raises on rent-controlled properties
OAKLAND, Calif. (KRON) — Inflation continues to push the costs of gas, groceries and now rents. However, one Bay Area city could see its largest one-year increase come July.
The City of Oakland says landlords of rent-controlled properties can raise rent by 6.7% because of inflation. However, Oakland City Councilmember Carroll Fife is now trying to stop that from happening through a new proposed city measure.
