pages: RentReviewAdvisoryCommittee/2018-06-06.pdf, 4
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RentReviewAdvisoryCommittee | 2018-06-06 | 4 | Approved Minutes June 6, 2018 Ms. Vazquez stated that she could not afford this proposed increase and said she could do an increase of $50 for 11 months and then an additional $124 increase after that. Chair Cambra and Member Murray explained to the parties that the RRAC would discuss their perspectives on what they had heard and give them one last chance to come to an agreement before asking them to return to their seats in the audience while the Committee makes a decision. Vice Chair Sullivan-SariƱana stated that he believed all parties have legitimate financial concerns and did not believe the landlord's request to be outrageous. Chair Cambra acknowledged that the landlords only imposed two increases in six years, totaling $250, and noted that making up for not increasing the rent in increments is problematic. He said he believes the unit was under market rate, that he gives a lot of weight to the tenant's hopefully temporary financial situation, and at the same time wanted to give the landlords a fair increase. Member Friedman stated that the financial hardship on the tenant is an important consideration, noting that Ordinance 3148 requires the Committee to weigh the interests of the parties when deciding on a fair increase. He said he did not believe a 10% increase was needed for the landlord to maintain the property, and was inclined to approve an $85 (about 5%) increase. Member Griffiths disclosed that he believes a stepped increase would be an appropriate solution given that the tenant stated her belief that her financial hardship was temporary, and given the landlords' interest in earning a reasonable rate of return on the property. Member Murray noted a financial need and good will on both sides. She said she believed a 10% increase was generally reasonable but that it would cause distress to the tenant in this circumstance, and so would support a lesser increase amount this year. She noted that the Committee is charged with stabilizing housing in the community and sees a stepped increase as a good option. Chair Cambra asked the parties if they'd like to change the offers made thus far. Mr. Gravelle stated he believes a stepped increase after six months is the best solution, and believes the increase should jump to 10% from the current rent after six months. Member Murray stated she believes a stepped increase that brought the increase to 10% was higher than the Committee members were considering. She said she believes around $50 for the first step would be reasonable and the next increase would be more than $50, but not 10% above the current rent. Ms. Gravelle stated she believed a $50 increase was too low. Page 4 of 7 | RentReviewAdvisoryCommittee/2018-06-06.pdf |