Inglewood moves to lower rent cap to 3%
The Inglewood City Council has decided to make its cap on rent increases even more draconian.
Despite opposition from the California Apartment Association, the council Tuesday voted unanimously to lower the city’s annual cap on rent increases to 3% — two percentage points lower than the 5% interim rent cap adopted earlier this year.
The rent control ordinance green-lighted this week, dubbed the Housing Protection Initiative, is scheduled to sunset in five years.
The City Council still must formalize approval of the ordinance with a second reading expected in 30 days.