The craziest thing about SB 827 was that it had permanent developer-funded rent control with no CPI adjustment allowed and the developers supported this compromise. And, like, no one talked about this. Wild.
-
-
The right to remain stuff! It required developers to pay increases in rent if they displaced tenants, and then it required them to offer them a spot in the new building at the controlled rate. Aaron points out that the inclusionary % would reduce rents for some displaced tenants
-
Upon rereading it right now, I should correct myself: it did allow CPI. I wish tweets were editable
- 1 more reply
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.