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Council standardizes CPI method for mobile-home rent reviews; change applies to future applications
Summary
To reduce calculation inconsistencies, the council adopted amendments calling for the use of annual CPI figures (San Diego–Carlsbad CPI‑U) for future mobile-home rent-review calculations; staff said the change will not apply to the one pending Carefree Ranch application.
On Dec. 10 the Escondido City Council adopted amendments to the Rent Review Board guidelines that standardize how the consumer price index is used to calculate maximum mobile-home rent increases.
Deputy City Manager Chris McKinney told the council staff found inconsistent CPI methods being used across city rate-setting and applications — some calculations mixed monthly and annual figures. "Rather than mixing monthly and annual figures in the same calculation, we're recommending that we use…
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