Los Angeles Adopts Cap on Rent-Controlled Units

LOS ANGELES—The city council Dec. 5 adopted an ordinance that would limit rent increases on rent-stabilized units to 4 percent, or up to 6 percent if landlords cover gas and electric costs. Councilors voted 10–2 in a second consideration of the ordinance. Mayor Karen Bass will need to sign and approve the ordinance before it can be enacted. Councilors John Lee and Traci Park voted against it, while Council President Paul Krekorian and Councilman Curren Price recused themselves because they are landlords. Councilwoman Nithya Raman was absent during the vote. Ordinances need to be voted on twice before they can be adopted by the council. Last week when the council voted on the ordinance for the first time, there was an urgency clause that required 12 votes for the ordinance to be passed with the clause....