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Economic & Planning Systems, Inc.53 <br />SUMMARY OF EXISTING AND PROPOSED REQUIREMENTS <br />Provision <br />Tenant Protection Act (TPA) <br />(State law) <br />City’s Tenant <br />Protection Ordinance Proposed Ordinance <br />Rent <br />Stabilization <br />5% + change in Consumer Price Index <br />(CPI) or 10%, whichever is lower <br />N/A (TPA applies)•60% of the change in the CPI, max 5%; no banking; <br />fair return petition allowed <br />Vacancy <br />Decontrol <br />Costa-Hawkins applies. Initial rent set at <br />market; caps apply thereafter <br />N/A (Costa-Hawkins <br />and TPA applies) <br />•Costa-Hawkins applies. Initial rent set at market; <br />caps apply thereafter <br />Applicability Applies broadly with certain exemptions Same as TPA •Broader applicability; fully covered units include <br />deed-restricted low-income units and mobile homes <br />and single-family homes are subject to just cause <br />requirements <br />Single Family <br />Homes & Condos <br />Exempt from all requirements, if not <br />corporate owned and notice provided <br />Exempt from all <br />requirements, if not <br />corporate owned <br />•Exempt from rent stabilization under Costa-Hawkins. <br />If Costa-Hawkins is repealed or amended; exempt if <br />constructed within previous 10 years. <br />•Subject to all other requirements. <br />Deed-Restricted <br />Affordable <br />Housing <br />Exempt from all requirements Exempt from all <br />requirements <br />•Exempt from rent stabilization for units constructed <br />after 1995 under Costa-Hawkins. If Costa-Hawkins is <br />repealed or amended; exempt if constructed within <br />previous 10 years. All other deed restricted <br />affordable units are fully covered by proposed <br />Ordinance. <br />•Units owned and managed by a San Mateo County <br />government unit, agency, or authority are exempt <br />from rent stabilization <br />New <br />Construction <br />Exempt from all requirements for 15 <br />years (rolling) <br />Same as TPA •Exempt from rent stabilization for units constructed <br />after 1995 under Costa-Hawkins. If Costa-Hawkins is <br />amended or repealed, exempt for 10 years (rolling)