28 - Laserfiche WebLink

ATTACHMENT 1 SUMMARY OF CASA ELEMENT CONCERNS AND CONSIDERATIONS RECOMMENDED APPROACH TVC POLICY FRAMEWORK KEY THEMES 2. Rent Cap: Establish a Bay Area-wide emergency CONCERN STATUS: Low,this element has the potential to be Monitor legislative progress of these elements. If FUNDING AND RESOURCES rent cap that limits annual rent increases to counterproductive to multi-family housing production(rent cap efforts move forward,advocate for amendments that "reasonable"amount. For an emergency period disincentivize investment). would allow: PROTECT AFFORDABILITY (defined as 15 years),the annual cap would be no CONCERNS • Uninhibited production of new rental units more than CPI+5'%.Certain exemptions and banking provisions would apply. • Production of housing units because it limits a project's and incentives for existing rental units to stay rental and not be converted to for-sale units. potential return on a high-risk investment; Objective:Decrease the number of households at risk of displacement and to prevent homelessness. • Maintenance and improvement of the existing housing stock • Ensure landlords have ability to cover all because property owners would be unable to recoup these necessary maintenance and administrative investments. costs. • • Tenant turn-over,leading to a potential"mis-match"between Allow a reasonable time period for newly tenants and rental units,which could lead to a decrease in constructed rental units not be subject to rent available housing stock.Once a tenant has secured a rent- cap and then it can apply. controlled apartment,s/he may not choose to move in the future and give up the rent-controlled unit,even if housing needs change. Research information source: https://www.brookings.edu/research/what-does- economic-e videnc e-tell-us-about-the-e ffects-of-rent-control/ • Rent control was recently defeated at the ballot box. 3. Rent Assistance and Free Legal Counsel:Provide CONCERN STATUS: Low,there is a potentially significant Monitor legislative progress of these elements. If FUNDING AND RESOURCES access to free legal counsel and emergency rent unfunded mandate if cities are responsible for efforts move forward,advocate for amendments that assistance for tenants with an urgent,temporary administering/enforcing measures. would allow: financial gap. Funding,policies and guidelines to be determined(presumably by the new regional CONCERNS • Implementation to occur after new regional housing authority)at a later time. • Presumes all tenants lack resources to legal counsel while all funding sources are available for administration. landlords do not. The inverse could be true and result in Objective:Ensure right to legal counsel;provide abuse of the system on the part of tenants seeking to thwart • Administrative responsibility to be assigned to an funding for emergency/temporary rent gap. a lawful eviction. existing regional agency(no new regionalemergency/temporary bureaucracy). • A"means test"(demonstration of need)to be required before receiving free legal assistance. Tri-Valley Cities Policy Framework-Attachment 1:CASA Compact(February 2019) Page 2