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SECTION 1 Title and Purpose This Ordinance shall be known as the City of Santa Ana Community Preservation, Rent Stabilization, Tenants' Rights Act. The purpose of the Ordinance is to promote neighborhood and community stability, healthy housing, and affordability for renters in the City of Santa Ana by regulating excessive rent increases and arbitrary evictions to the maximum extent permitted under California law, while ensuring Landlords a fair return on their investment and guaranteeing fair protections for renters, Mobilehome Owners, homeowners, and businesses. It is the further purpose of this Ordinance to stabilize the rate of Mobilehome Park space rentals to: 1. Prevent exploitation of a shortage of vacant Mobilehome Park spaces should it occur; 2. Prevent excessive and unreasonable Mobilehome Park space rent increases while still assuring Mobilehome Park owners' right to a fair return; 3. Provide a process for ensuring Mobilehome Park owners a fair, just and reasonable rate of return on their parks in cases where the guaranteed annual space rent increase provided by this chapter proves insufficient; 4. Assist in protecting affordable housing to help provide a variety of housing types within a range of costs affordable to the low- and very low-income households; and 5. Rectify the disparity of bargaining power that exists between Mobilehome Owners or Prospective Mobilehome Owners and Mobilehome Park owners. SECTION 2 Findings The People of the City of Santa Ana find and declare as follows: (a) A shortage of decent, safe, affordable, and sanitary housing exists in the City of Santa Ana, which has resulted in a quickly gentrifying city that is pushing out valuable, long-term residents. Because of this shortage of moderately priced rental space, the freedom of contract and the ability of tenants to bargain in the setting of rents have become illusory. (b) The City of Santa Ana's housing vision affirms and supports a vibrant Santa Ana that comprises a socially and economically diverse community of renters and homeowners. (c) Notwithstanding this vision, however, high rental costs also make it increasingly difficult, if not impossible, for renting households in the City of Santa Ana to become first-time homeowners. According to national studies, Orange County has the second lowest