File #: 22-0377    Version: Name:
Type: Ordinance Status: Passed
File created: 5/4/2022 In control: * Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council
On agenda: 6/7/2022 Final action: 6/7/2022
Title: Subject: Ordinance To Modify The CPI Rent Adjustment From: Councilmember Fife Recommendation: Adopt An Ordinance Amending Chapter 8.22 Of The Oakland Municipal Code (Residential Rent Adjustments And Evictions) To (1) Make The Annual Permissible Rent Increase For Covered Units 60% Of The Percentage Increase In The Consumer Price Index Or 3%, Whichever Is Lower And (2) Align Annual Adjustment Period With State Law
Attachments: 1. View Report, 2. View Legislation, 3. 13693 CMS

Title

Subject:                     Ordinance To Modify The CPI Rent Adjustment

From:                                          Councilmember Fife

Recommendation: Adopt An Ordinance Amending Chapter 8.22 Of The Oakland Municipal Code (Residential Rent Adjustments And Evictions) To (1) Make The Annual Permissible Rent Increase For Covered Units 60% Of The Percentage Increase In The Consumer Price Index Or 3%, Whichever Is Lower And (2) Align Annual Adjustment Period With State Law