Proposal C In A Nutshell
The Rent Stabilization ordinance before the voters on Monday, April 4, is not especially complicated. The major provisions of Proposal C will work like this:
- Landlords will be able to raise rents by 75% of the Consumer Price Index each year.
- Landlords will also be able to pass on cost increases such as property tax increases and capital improvement costs to the tenants up to a total rent ncrease of 1 5% in a year if such increases are found to be valid.
-The program will be administered by a five-person board appointed by City Council and will be funded by a yearly $25 fee on each unit to be paid by tenants.
- Landlords must maintain units as provided by the housing code or they will not be allowed any rent increase on the unit.
Article
Subjects
Affordable Housing
Proposal C
Ann Arbor City Council
Has Photo
Old News
Agenda
Mike Massey