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SUMMARY OF ORDINANCE a. Rent stabilization Caps rent increases at 3% or 80% of CPI (rate of inflation), whichever is lower. 1. i.e. rent that is $1000 could have a maximum of $30 increase, but if CPI is 3% that year, rent could only be increased a total of $24. ii. Exemptions 1. Per Costa Hawkins: Single-family residence, condominiums, section 8 housing, government buildings, non-profit buildings, commercial properties, and any buildings built after 1995. 2. Rented mobile homes. a. Make note: owners of mobile homes renting land underneath will have rent control 3. Affordable housing units iii. Rent rollback: for any rent increases above 3% since Feb 25 2020, the landlord will have to revert rent increases above 3% since then. 1. i.e., if there was an increase of 7% in April 2020, this increase would be reduced to 3% b. Rent board i. Set annual rental fee, enforce ordinance ii. Each member of city council out of pool of applicants who apply iii. Has open meetings for public comment c. Just cause I. Tenant -at -fault evictions include committing a crime in the unit or creating a disturbance. This ordinance adds some protections when the tenant is at -fault ensuring proper notification in the language of the tenant-, allowing the tenant an opportunity to remedy the issue if it is regarding mess around the unit or noise. ii. No-fault evictions include: 1. Intent of Landlord to occupy the unit 2. If moving in a family member into a covered unit 3. If the landlord or government removes the rental unit from the rental market, giving 120 day notice to tenant or one year if they've lived there for at least 12 months, older than 62, or disabled 4. Intent to demolish or substantially remodel the unit 5. Mobile home park conversion iii. Relocation assistance for no-fault evictions: Landlord pays tenant 3x the market -rate rent + additional assistance according to income bracket [i.e., extremely low income]