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8.A. - Pae7e 24 of 24 <br />STATE CAPITOL <br />P.O. BOX 942849 <br />SACRAMENTO, CA 94249-0017 <br />(916)319.2017 <br />FAX (916) 319-2117 <br />DISTRICT OFFICE <br />455 GOLDEN GATE AVENUE, ROOM 14300 <br />SAN FRANCISCO, CA 94102 <br />(415)557.3013 <br />FAX (415) 557-3015 <br />October 14, 2019 <br />Redwood City Council <br />c/o City Clerk <br />1017 Middlefield Road <br />Redwood City, CA 94063 <br />Ammhfv <br />D"I��D��C��HIU <br />�la'fF8 <br />ASSEMBLYMFMSFR, SEVENTEENTH DISTRICT <br />s <br />1A .i <br />Lt,l <br />To the Honorable Members of the Redwood City Council, <br />Attachment C <br />COMMITTEES <br />CHAIR: HOUSING AND COMMUNITY <br />DEVELOPMENT <br />ARTS, ENTERTAINMENT, SPORTS, <br />TOURISM, AND INTERNET MEDIA <br />BUDGET <br />BUSINESS AND PROFESSIONS <br />JUDICIARY <br />SUBCOMMITTEES <br />BUDGET SUBCOMMITTEE NO. 4 ON <br />STATE ADMINISTRATION <br />On October 8, 2019, Governor Newsom signed into law Assembly Bill 1482, the Tenant Protection <br />Act of 2019, that will place an annual cap on rent increases and create new statewide standards for <br />evictions. The law will take effect .January 1, 2020, hl the meantime, Redwood City tenants are still <br />vulnerable to no-fault evictions and excessive rent increases, because the City of Redwood City <br />currently does not regulate rental amounts, rent increases, or evictions from residential housing. <br />There has been recent evidence that such evictions and rent increases have already started to occur in <br />anticipation of tile implementation of AB 1482. Same of these tenants, unable to pay a sudden rent <br />hike, have been delivered 3 -day notices to vacate the premises for failure to pay the rent. Many more <br />tenants will be finding themselves in this position until January 1st, 2020, at which time AB 1482 <br />eviction protections will be in place and rents will need to be brought into conformity with the law <br />(i.e., no higher than the regional Consumer Price Index plus 5% of the rent as of March 15, 2019, or <br />9%). <br />Since the new law will allow landlords to make a fair rate of return on their rental housing property, <br />there is no reason for landlords to evict tenants in order to skirt AB 1482's rent cap. It is very <br />unfortunate that some landlords have chosen to exacerbate displacement and homelessness during <br />this housing crisis in order to enjoy truly excessive profits. Furthermore, the aforementioned rent <br />gauging and displacement would substantially thwart the intent of AB 1482. To protect neighbors <br />and the community, particularly during the holiday season, we encourage the Redwood City Council <br />to immediately consider an urgency ordinance that would cap annual rent increases and apply <br />eviction standards in line with AB 1482's language and Costa -Hawkins state law on allowable rental <br />units. <br />Thank you for your consideration of this matter. <br />Sincerely, <br />7:1 �01_ C41-1-� <br />David Chiu <br />Chair, Assembly Housing & Community Development Committee <br />Lead author, Assembly Bill 1482 <br />Printed on Recycled Paper 144 <br />