Any Title

Check out market updates

Oakland Adopts Emergency Rent Control

A 90-day moratorium on rent increases that surpass the annual change in the Consumer Price Index (which has been running around one percent per year) was adopted by Oakland’s City Council early this morning. A proposed provision which would have also prohibited evictions without cause was eliminated from the ordinance. And thanks, or curses, to California’s Costa-Hawkins Rental Housing Act, the moratorium will not apply to units constructed after 1983.

 

This will be very interesting to watch as it plays out. If the moratorium turns into a new law, I think Oakland will see the true impact ala San Francisco tenant displacement via OMI, Ellis Act, construction eviction, nuisance eviction, etc.

Leave a Reply

Your email address will not be published. Required fields are marked *