File #: 12-0550    Version: 1 Name: Amendments To Debt Service Rent Increase Regulations
Type: City Resolution Status: In Committee
File created: 5/22/2013 In control: Concurrent Meeting of the Oakland Redevelopment Agency / City Council
On agenda: Final action: 11/6/2014
Title: Subject: Amendments To Debt Service Rent Increase Regulations From: Department Of Housing And Community Development Recommendation: Adopt The Following Two Pieces Of Legislation: 1) A Resolution Adopting Amendments To The Rent Adjustment Regulations, Appendix A, Section 10.4 To Require That Debt Service Rent Increases For Newly Purchased Rental Properties Not Exceed Debt Service Calculated On A Standard Financing Model, To Limit Debt Service Rent Increases To A One-Time Cap Of Seven Percent Over The Current Allowable Rent Increase, And To Adopt A Grandparent Clause; And
Attachments: 1. View Report.pdf
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Title
Subject:      Amendments To Debt Service Rent Increase Regulations
From:            Department Of Housing And Community Development
Recommendation:  Adopt The Following Two Pieces Of Legislation:
 
1) A Resolution Adopting Amendments To The Rent Adjustment Regulations, Appendix A, Section 10.4 To Require That Debt Service Rent Increases For Newly Purchased Rental Properties Not Exceed Debt Service Calculated On A Standard Financing Model, To Limit Debt Service Rent Increases To A One-Time Cap Of Seven Percent Over The Current Allowable Rent Increase, And To Adopt A Grandparent Clause; And