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Hundreds of callers urge council to cap rent at 3% and agendize LARSO during marathon public comment
Summary
Dozens of residents and tenant advocates used an hour-plus of public comment at the Los Angeles City Council to press for an updated rent-stabilization formula that would cap increases at 3%, eliminate rent banking and utility/occupant "bumps," and to demand council action on a proposed LARSO update.
Hundreds of Angelenos and dozens of tenant advocates pressed the Los Angeles City Council during more than an hour of public comment to adopt a revised rent stabilization formula they call LARSO, including a hard cap of 3% on allowable rent increases and the elimination of so-called "bump" provisions for utilities and additional occupants.
Speakers representing tenant groups and neighborhood organizations, including members of ACE and Trust South LA, told the council that renters are struggling with rising housing costs, recent wildfires and immigration enforcement actions that have reduced household incomes. Many called the current allowable increases unaffordable and urged council members to…
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