The city of Palo Alto on Monday, Oct. 16, will consider studying the possible adoption of a rent control ordinance.
Council members Lydia Kou, Karen Holman and Tom DuBois issued a proposal to study whether Palo Alto should:
Cap the annual rent increase by a certain percentage
Institute a just-cause eviction ordinance
Study other open-ended renter protections
Palo Alto’s high housing costs can be traced to the city’s inability to meet the demand for housing.
In the past three years, only 44 apartment units have been built. Instead of rent control, Palo Alto should focus on real solutions to its housing crisis — the development of housing to meet the growing demand.
The California Apartment Association is calling on members with property in Palo Alto to attend Monday’s council meeting and urge council members not to pursue rent control.
Anil Babbar, vice president of public affairs for CAA, said in a message to members: “Tell council members to learn from the lessons of other cities that took up rent control, such as: San Francisco, which has some of the highest rents in the nation; Berkeley, where students are living in unsafe conditions because they can’t find housing; or Mountain View, where the new law costs $2 million annually to operate.”