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Dear Housing Providers of Pasadena,
Pasadena’s “Fair and Equitable Housing Charter Amendment” has been in place for nearly two years. Tomorrow night (October 3rd), the Pasadena Rental Board plans to act unfairly and inequitably.
Item 2 of their agenda includes a motion to endorse Prop 33. If Prop 33 passes, it would allow the unelected Board to enact vacancy control in Pasadena so you can't increase rents to market after a vacancy. It would also extend rent control to single family homes and condos, and end all exemptions for new buildings.
This is inappropriate for a Board that is supposed to be the “Fair and Equitable” regulator of rentals in Pasadena. We need to let them know that an independent Board should not endorse any position, even though it's members are free to express their own views individually.
In Item 1 of the agenda, the Board is considering the “fair return” they will allow housing providers to have. They are trying to put their thumb on the scales by disallowing claims for any expense categories that have increased by more than the rate of inflation.
Utilities, insurance costs, construction costs, appliances, and repairs have sky-rocketed in the last few years, and it’s unreasonable that the Board is simply going to pretend that these above-inflation increases didn't happen.
Please attend the meeting or write in, preferably with details of your increased costs, to fight this unfair change that will prevent you from passing on these costs.
You can find the full agenda on the Rent Board site, and you can make your voice heard by:
Please raise your voice against the Board's abuse of its position as a regulator to endorse a one-sided Proposition 33, and against unfair regulations to make it impossible for us to offset the increasing costs we face.
Regards,
Pasadena Housing Providers
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