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CityCouncil/2019-07-02.pdf,4 | CityCouncil | 2019-07-02 | 4 | Mayor Ezzy Ashcraft stated the safety of residents is first and foremost. Councilmember Oddie moved introduction of the ordinance. Councilmember Vella seconded the motion, which carried by unanimous voice vote - 5. (19-401) Introduction of Ordinance Establishing an Annual General Adjustment in Rent, a Rent Registry, Banking, and a Petition Process for an Upward or Downward Adjustment of Rents. Introduced. The Community Development Director gave a Power Point presentation. In response to Councilmember Daysog's inquiry, the Community Economic Development Director stated Costa Hawkins does not address regulating terminations or the requirement of relocation; concluded the presentation. Councilmember Oddie inquired whether the Consumer Price Index (CPI) being used is Consumer Price Index for All Urban Consumers (CPI-U), to which the Community Development Director responded in the affirmative. Councilmember Oddie inquired whether the CPI includes utilities, to which the Community Development Director responded in the affirmative; outlined the listed categories. Councilmember Oddie stated rents are only included under the housing portion; conservative estimates stipulate one-third of income goes toward housing. The Community Development Director stated the definition of an affordable unit equates to no more than one-third of income being spent on housing. In response to Councilmember Daysog's inquiry, the Community Development Director stated the 2017 one-year estimate published by the US Census states that 48% of renters spend at least 30% of their income on rent; it is important to note the median income for a family renting is $72,000 and the Citywide median income is $92,000 for the City of Alameda; there is a disparity of rental households versus owners, which the rent program is striving to stabilize. The Community Development Director stated the benefits of rent control accrue to all households in rent controlled property. Vice Mayor Knox White stated the goal is to provide stable housing for all renters in Alam… | CityCouncil/2019-07-02.pdf |
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CREATE TABLE "pages" ( [body] TEXT, [date] TEXT, [page] INTEGER, [text] TEXT, [path] TEXT, PRIMARY KEY ([path], [page]) );