Put rent control limit change on November 2022 ballot
In Plain English
Richmond currently allows landlords to raise rent by the full inflation rate, which jumped to 5.2% in 2022 from 1.6% in 2021. The proposed ballot measure would cap rent increases at 60% of inflation or 3%, whichever is lower. If approved by voters, your rent increases would be smaller during high-inflation years like 2022.
Auto-generated summary. Source: official agenda documents.
Votes
To direct staff to prepare said resolution
4 to 2
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