A webpage to provide Mountain View Rental Housing Committee agendas and staff reports in HTML and mobile responsive format. In BETA.
The Community Stabilization and Fair Rent Act (CSFRA)provides for an Annual General Adjustment (“AGA”)to increase rent for existing tenancies based on the percentage increase in the Consumer Price Index (for All Urban Consumers, SF-Oakland-San Jose Region (“CPI”)). The Committee is required to announce the AGA no later than June 30 each year. Per the CSFRA, the AGA shall be equal to 100 percent of the percentage increase in the CPI for the 12-month period ending as of March 2017. However,the AGA shall not be less than two percent and not more than five percent.
The Department of Labor only issues CPI for All Urban Consumers, SF-Oakland-San Jose Region every two months.For 2017, the CPI was issuedin February and April of 2017. Based on the timeline in the CSFRA,staff recommends using these indicesfrom February 2016 to February 2017to determine the AGA.The CPI increased by 3.4 percent,and the increase falls within the adjustment allowed by the CSFRA.
The rent increases imposed pursuant to this adjustment may take effect on September 1, 2017. Under State law, landlords are required to provide 30 days’ advance notice of a rent increase.
The right of landlords to implement the AGA is conditioned on compliance with the CSFRA.
Adopt a Resolution Announcingan Annual General Rent Adjustment for 2017 of 3.4 Percent.
Last updated on 7/1/2017