PRESS RELEASE: Councilmember Ryu Applauds Garcetti’s Halt on Rent Increase for RSO Units

LOS ANGELES - Councilmember Ryu today applauded Mayor Garcetti’s executive action to halt the 4% rent increase for Los Angeles apartments subject to the Rent Stabilization Ordinance (RSO). Councilmember Ryu had called on the Mayor to enact a freeze in all rent increases across the City of Los Angeles, and on Governor Newsom to suspend all rent payments in California during the Coronavirus pandemic. Councilmember Ryu introduced his rent freeze motion during a special meeting of the City Council on March 27, but it was blocked by the City Attorney.

FOR IMMEDIATE RELEASE:  

March 30, 2020

 

Contact for Councilmember Ryu:

Mark Pampanin

mark.pampanin@lacity.org

213.407.7616

 

Councilmember Ryu Applauds Garcetti’s Halt on Rent Increase for RSO Units

Continues Call for Statewide Rent Suspension 

LOS ANGELES - Councilmember Ryu today applauded Mayor Garcetti’s executive action to halt the 4% rent increase for Los Angeles apartments subject to the Rent Stabilization Ordinance (RSO). Councilmember Ryu had called on the Mayor to enact a freeze in all rent increases across the City of Los Angeles, and on Governor Newsom to suspend all rent payments in California during the Coronavirus pandemic. Councilmember Ryu introduced his rent freeze motion during a special meeting of the City Council on March 27, but it was blocked by the City Attorney.

“The Mayor’s action today will save thousands of renters and working families in Los Angeles from a rent increase that is unfair, unjust and unconscionable during this pandemic. I thank Mayor Garcetti for his decisive action to protect renters,” Councilmember Ryu said. “This is the kind of action we need in a City where the majority of people rent their homes - and we must do more. I am going to continue working to freeze all rent increases across the City of Los Angeles, suspend rent and mortgage payments across California, and protect the working families and small business owners that are the backbone of our economy.”

The Mayor’s emergency action cancels a scheduled rent increase on RSO units, which includes most apartment units in the City of Los Angeles that were built before 1978. Units protected by the RSO are not allowed to be subject to steep rent increases, and make up most of the remaining affordable housing in the City. A 1995 State law dubbed “Costa Hawkins” prohibits Los Angeles from expanding its RSO program.

Councilmember Ryu, though very pleased to see this protection granted to tenants in RSO units, remains committed to a freeze in all rent increases, both residential and commercial, across the City of Los Angeles. He announced on March 28 that he will be re-introducing his rent freeze legislation with Councilmember Mike Bonin at the next possible Council meeting. During Friday’s meeting, he introduced a Resolution calling on the State to suspend rent and mortgage payments altogether during the emergency.

“April 1st is tough enough, but by May 1st, we are going to have millions of people unable to pay their bills through no fault of their own,” Councilmember Ryu added. “Suspending rent payments is absolutely central to keeping people from total financial ruin during this pandemic, and I hope the Governor sees the pressing need to suspend rents now.”

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Assistant City Council President Pro Tempore David E. Ryu represents Los Angeles’ 4th Council District which includes Griffith Park, Sherman Oaks, Toluca Lake, Hollywood, Hollywood Hills, Los Feliz, Silver Lake, Miracle Mile, Hancock Park, Windsor Square, Larchmont and portions of Koreatown and Van Nuys. 

 


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