News: San Jose
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After hours of public testimony and debate, the San Jose City Council on Tuesday voted to eliminate RUBS in rent-controlled housing.
RUBS is short for ratio-utility-billing systems, which some property owners use to divide utility bills among tenants based on the number of renters in the building or square footage.
At Tuesday’s meeting, the council also approved changes to the city’s “just cause” eviction ordinance and an ordinance related to the Ellis Act. The council is expected to formally approve the changes with a another reading of the ordinances May 8.
The city of San Jose has given residential landlords more time to register their properties with the city and to pay the related business tax, a move applauded by the California Apartment Association.
The new deadline for residential rental property owners is June 30, 2018. After that date, interest and late fees will apply. Businesses can register with the city here.
Tagged: Taxes Tri-County
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… Read More
Tagged: Rent Control Tri-County
The California Apartment Association is mobilizing its members to fight yet another push for stricter rent control in San Jose.
A year after the city lowered its annual cap on rent increases from 8 percent to 5 percent, staff has recommended scrapping the percentage-based cap for a formula based on the rate of inflation. This is the type of formula used in San Francisco.
The city’s housing staff will discuss this proposal and other possible changes to the city’s rent control law, as well as its newly adopted “just cause” eviction ordinance, during a trio of community meetings this month.… Read More
The California Apartment Association is calling on its members to speak out next week against a proposal to place eviction controls on San Jose apartments.
The California Apartment Association’s legal challenge to Mountain View’s rent control law is about to get its first court hearing.
At 9 a.m. Tuesday, legal counsel for CAA will appear in Santa Clara County Superior Court to request a preliminary injunction against Measure V, the rent control initiative approved by Mountain View voters last November.
Tagged: CourtsRent Control Tri-County
The California Apartment Association and city of San Jose are asking local property owners to identify available units for residents displaced by recent flooding in Silicon Valley.
“The California Apartment Association recognizes the urgent need for housing that the flood has placed on our already tight housing market,” said Anil Babbar, vice president at CAA. “It is because of this urgent need that we are placing a call to our membership to identify available rental units and provide that information to the city.”
Tagged: Philanthropy Tri-County
Under San Jose’s Measure G, rental housing operators in the city will face a new business license tax rate beginning in fiscal year 2017. To learn more about Measure G and the tax structure, read our Industry Insight.
Tagged: News Tri-County
The California Apartment Association has updated its local compliance brochure for San Jose’s rent control ordinance, which the city made stricter effective this summer. Updates to CAA’s “Guide to Rent Control in San Jose” reflect lower maximum annual rent increases on rent-controlled units, an interim change that could become permanent.
Tagged: News Tri-County
Stricter rent control limits in San Jose will take effect June 17 – many months earlier than expected.
Under the changes, owners can raise rents on rent-controlled units by 5 percent per year. That’s down from the current 8 percent.
The council ratified the June start date on a 9-2 vote at its May 17 meeting.
The lower rent cap is among sweeping changes to the city’s 40-year-old rent control law. The council approved the revisions in April on a 6-5 vote, despite strong opposition from CAA and hundreds of rental owners over the past year.
At the time of… Read More
Tagged: Rent Control