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Mitre -Ramirez, Norma <br />From: Castro -Cardenas, Julie <br />Sent: Friday, February 2, 2018 4:19 PM <br />To: Huizar, Maria <br />Subject: FW: Rent Stabilization Won't Work <br />FYI <br />Respectfully, <br />Julie Castro -Cardenas <br />Liaison for Mayor & Council <br />Senior Management Assistant <br />City Manager's Office I icastro-Cardenas@santa-ana.ora <br />714.673-3619 mobile 120 Civic Center Plaza, Santa Ana, CA 92701 <br />From: Rory Ferlauto[mailto:rf@farwestapartments.comj <br />Sent: Friday, February 2, 2018 3:17 PM <br />To: City Council <CityCouncil@santa-ana.org> <br />Subject: Rent Stabilization Won't Work <br />Dear Mayor Pulido and City Council, <br />I operate 4 rental properties in Santa Ana totaling 1,178 units and am proud to provide quality, safe housing for <br />people of all income levels. As an active stakeholder in your community, I support the city's goal to improve the <br />quantity, diversity, and affordability of housing. However, this cannot be achieved through,studying,or.adopting rent <br />control (aka rent stabilization) and just cause eviction policies. <br />Rent control is a counterproductive policy. It will not produce any new affordable housing or address the city's long- <br />term housing concerns. If adopted, it creates a stagnant market and increases the cost of housing for everyone else. <br />Worse, the unintended consequences are long-term and will eventually deteriorate the condition of housing since <br />rent control often times prevents the owner in making capital improvements on the property. <br />Instead, I urge you to expand the city's efforts to produce more housing and promote available resources and <br />programs for the city's renters. I ask that you focus on these goals and look for ways to partner with the community <br />to ensure renters are aware of resources available to them and educate rental owners on fair and ethical <br />management practices. <br />I appreciate the city's collaborative approach to provide meaningful, long-term solutions to our region's housing <br />challenges. Thank you for your continued leadership on this important issue. <br />Sincerely, <br />Rory Ferlauto <br />Executive Vice Presidnet <br />17941 Mitchell Street <br />Irvine, CA 92614-6015 <br />tel 949-863-1757 ext 118 <br />fax 949-863-9293 <br />rf(a)famestapartments. corn <br />www farwestapartments.com <br />