INFO ALERT : LA County wants new “Tenant Protection” policies! BizFed speaking at Board of Supervisors tomorrow.
A motion was introduced at the last Los Angeles County Board of Supervisors meeting by Supervisors Hilda Solis and Sheila Kuehl. It relates to residential and commercial rental markets and rental policies across the county and calls for a “tenant protection policy” and formation of a “tenant protection working group”.
We are very concerned that current motion is written from only a tenant prospective without any consideration from the apartment/housing owner and business community. The current motion does not mention key economic factors that leads to this housing crisis such as; lack of housing stock, the excessive cost of doing business in L.A. County, little incentives to make it easier to build in L.A. County and the burdensome regulatory climate. These are four of the top 5 concerns about what is stifling our economy according to business owners and leaders like yourself who took our annual BizFed poll.
Quite simply the Board of Supervisors will hear that the simplest and most effective solutions to the housing crisis are to promote, incentivize and build more housing units and not “feel good” policies that artificially suppress rental rates and creates additional scarcity driving up the cost of housing.
Join us if you can…And spread the word to engage with the County to get this ordinance done right.
Special thanks to BizFed Advocacy Committee Co-Chair Paul Little, Pasadena Chamber of Commerce for the intel.
CLICK HERE for Solis-Kuehl motion
CLICK HERE for Daily News Op-Ed about the Housing Crisis by BizFed CEO Tracy Hernandez
CLICK HERE for Beacon Economics Analysis on Rent Control policies