Oakland Council caps rent increases for many tenants

Oakland tenants of rent-controlled buildings will no longer see their rent raised above 3% annually. City Council passed an ordinance Tuesday, ensuring that annual rent increases will be capped at either 60% of the Regional Consumer Price Index or 3%, whichever is lower. The landmark measure, which was introduced last week, won on a 6-1 … Continue reading Oakland Council caps rent increases for many tenants