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LA City Councilman Proposes Clampdown on Annual Rent Hikes

Measure Would Tighten Increases Allowed Under City's Rent Stabilization Law
Apartments at the Chelsea Santa Monica in Santa Monica, California, rent for up to $10,000 per month. (CoStar)
Apartments at the Chelsea Santa Monica in Santa Monica, California, rent for up to $10,000 per month. (CoStar)
CoStar News
February 19, 2020 | 4:56 P.M.

Los Angeles City Councilman Mike Bonin introduced initiatives to limit rent increases and expand affordable housing in the city as rents in Southern California begin to rival those farther north in the San Francisco Bay Area, America's most expensive rental market.

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