Oaklandside: Landlords can’t raise rents above 3%, Oakland City Council says
Landlords of rent-controlled buildings in Oakland will no longer be able to raise tenants’ rents by more than 3% each year.
The policy, passed by the Oakland City Council on Tuesday, is the first significant change to the city’s rent control system in 20 years. The meeting drew over two hours of impassioned public comment from tenants and landlords.
“Now, more than ever, it is critical that we advance policy that helps stabilize our communities by ensuring Oakland tenants, who make up a majority of the residents in Oakland, remain housed,” said Councilmember Carroll Fife, who wrote the policy, in a memo to her colleagues.
