After hours of debate, the San Jose City Council on Tuesday rejected a proposal to begin basing its annual rent cap on the rate of inflation.
At the urging of CAA, the council instead voted 6-5 to maintain the city’s current 5 percent limit on annual rent increases.
The California Apartment Association attended Tuesday’s meeting in force, with members speaking against the proposal to base rent control on the Consumer Price Index. The CPI is now about 3.4 percent but fluctuates.
The city’s 5 percent cap, on the other hand, provides a fixed, predictable limit, making it easier for owners and renters to budget for annual adjustments.
The council Tuesday also rejected a proposal to begin applying rent control to …
This page contains members-only content!
Sign In To Viewor learn more about joining CAA