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Mountain View committee reviews draft budgets for rent‑stabilization programs
Summary
The Rental Housing Committee reviewed recommended budgets for the Community Stabilization and Fair Rent Act program and the Mobile Home Rent Stabilization Ordinance for fiscal year 2025–26, including staffing, legal costs, and proposed fee levels; staff will return May 22 for adoption.
On April 24, 2025, the City of Mountain View Rental Housing Committee reviewed staff-recommended budgets for two rent‑stabilization programs: the Community Stabilization and Fair Rent Act (CSFRA) and the Mobile Home Rent Stabilization Ordinance (MHRSO). The committee did not vote on the budgets; staff will bring them back for adoption at the committee—s May 22 meeting.
The staff presentation said the recommended FY 2025–26 CSFRA budget anticipates roughly $1,870,000 in revenues and about $2,580,000 in expenditures, producing a recommended fee of $130 per covered unit per year (about $10.83 per unit per month) when the budget is calculated against 14,440 covered units. Staff said the recommended budget includes the same staffing level as the current year: seven full‑time equivalent positions with a personnel line budgeted at $1,600,000. The recommended CSFRA reserves are set at 20% of operating expenditures (about $517,000).
Staff highlighted rising third‑party professional service…
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