Continuing to ignore the concerns of rental housing providers, the Oakland City Council on Tuesday formally approved an ordinance that makes the city’s rent control law more stringent and agreed to pursue a rent registry.
Under the rent control change, the annual cap on rent increases for rent controlled housing will drop to 60% of the change in the consumer price index or 3%, whichever is lower. For decades, Oakland has had a law that allowed rental owners to increase rents by the local inflation rate, with a ceiling of 7%.
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