L.A. to allow 4 percent increases on rent controlled housing
For the first time in a decade, the city of Los Angeles plans to bump up its annual cap on rent increases for rent controlled housing.
During a 12-month period beginning in July, landlords with rent controlled units will be able to raise rents by up to 4 percent. The city has allowed rent increases on rent controlled housing just three times since 1993, the last time being in 2009, Curbed Los Angeles reported.
For more information, see this flier from the L.A. Housing and Community Investment Department.