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Orozco, Norma From: Manuel Escamilla <manueljescamilla@gmail.com> Sent: Tuesday, September 21, 2021 8:00 AM To: eComment Subject: Vote in favor of Item 33 - Adoption of Rent Stabilization Ordinance Attachments: Apartment Ownership in Three Santa Ana Neighborhoods.pdf; Ownership Frequency in Santa Ana by City.pdf Dear Mayor and Council I strongly urge you to vote in favor of Item 33 - Adoption of Rent Stabilization Ordinance and Just Cause Eviction Ordinance • A 2019 Stanford study found that rent control: "has an especially large impact on preventing the displacement of racial minorities from San Francisco, suggesting that rent control helps to foster the racial diversity of San Francisco, at least among the initial cohort of renters covered by the law" • Due to the State of CA Costa Hawkins Act, your ordinance will not apply to developments built after 1995. This will avoid any potential disincentives to new housing construction. • The Vacancy Decontrol language also allows for a unit to be reset to the market rate after a tenant moves out. • Concerns over the potential for condo conversions are actually an opportunity to add additional homeownership opportunities to working and middle class families that can not afford a detached single family home. • A local rent control ordinance will extend to tenants a similar protection that Proposition 13 currently provides landlords in CA. A review of Orange County Assessor Data shows that the average Santa Ana apartment owner has a base value year of 1999, with the most common base value being 1975. This means that the base property tax rate for the average apartment complex was set 21 over years ago. I also submit to you some sampling of the ownership patterns in three Santa Ana neighborhoods. [Attachment 1]