The LA Housing Coalition released a letter on the risks of regulating rents and rent increases. Property owners need tenants, just as much as tenants need a place to call home. However, implementing a regulatory structure that does nothing to help the neediest tenants while simultaneously stifling new development, is simply bad policy.
We support policies that protect tenants, provide stability and support the housing market. We cannot support a regulatory structure that ignores data, the need to build more affordable housing and the costs on property owners.
Read the full letter from the LA Housing Coalition here: