The Concord City Council this week rejected a proposal to temporarily cap rent increases at 3 percent per year.
The urgency measure Tuesday received two yes votes but needed four to pass. The failure of the proposed 45-day rent-increase moratorium came amid a cooldown in the Bay Area’s rental housing market. In Concord, rents have recently dropped for one-bedroom and three-bedroom units.
“I really can’t, in my heart, find the urgency issue citywide,” said Mayor Hoffmeister, as reported in this East Bay Times article.
Concord staff will now look into creating a mediation program to help resolve disputes between tenants and property owners.