LA City Council urged to update rent stabilization formula amid housing crisis

The Regular City Council meeting held on May 28, 2025, addressed several pressing issues concerning housing and tenant rights in Los Angeles. The session began with public comments, highlighting significant concerns from residents regarding housing conditions and the need for policy updates.

One of the first speakers, Mr. Pancake, representing LA Canada CD 14, raised alarms about the habitability issues in 17 former Skid Row housing trust buildings acquired by developer Leo Pusch PuschinoCom. He reported serious problems, including lack of security, non-functioning elevators, and pest infestations, affecting 88 tenants. Mr. Pancake emphasized the urgency of addressing these issues, stating, "Housing is a human right," and called for immediate action to keep residents housed.

Following him, Christina Boyer, an attorney with Public Counsel and a member of the Key Ballet House Coalition, urged the council to update the rent stabilization formula, which has not been revised in 40 years. She pointed out that the current formula is unfair, making it nearly impossible for residents to afford a one-bedroom apartment without an income of nearly $100,000. Boyer warned of an impending budget crisis and the potential for increased homelessness if the formula is not adjusted. She proposed a new formula based on 60% of the Consumer Price Index (CPI), with a 3% cap on annual rent increases, and called for immediate action as new rent increases are set to take effect in July.

The meeting also included procedural announcements, reminding speakers to be mindful of the presence of a young child in the audience and to exercise discretion in their language.

As the meeting progressed, the council continued to hear from various speakers, indicating a strong community interest in housing issues and the need for policy reform. The discussions underscored the critical state of housing in Los Angeles and the urgent need for the council to take action to protect tenants and address habitability concerns.

Overall, the meeting highlighted the ongoing challenges faced by residents in securing safe and affordable housing, with calls for immediate reforms to the city's rent stabilization policies. The council's response to these issues will be closely watched as the city navigates its housing crisis.