Maywood Adopts Rent Stabilization Ordinance
At its July 26th meeting, the Maywood City Council unanimously adopted and waived full reading of a rent stabilization ordinance that limits annual rent increases for residential rental properties to just 4% or the change in the Consumer Price Index (CPI), whichever is less Exemptions from this limitation include multifamily rental units built on or after February 1, 1995, single-family homes and condominiums. We encourage members who live or own rental properties in the City of Maywood to view the full details of the Rent Stabilization Ordinance (see below). The ordinance will go into effect on August 25, 2023.
As part of its advocacy efforts, the Apartment Association of Greater Los Angeles (AAGLA) reached out to individual City Council Members in advance of the meeting, provided extensive written comments against the ordinance and spoke in-person during public comment at the City Council meeting.
AAGLA strongly opposed the rent stabilization ordinance and urged the City Council not to rush through and pass this detrimental ordinance. Staff produced no data showing any substantial rental increases in Maywood nor identified any specific “bad actor” rental property owners drastically increasing rents. Further, no research was conducted as to actual costs incurred by rental property owners, such as trash hauling, utilities, property taxes, insurance, and repairs and maintenance despite staff recognizing that most rental properties in Maywood were built prior to 1959.
AAGLA also urged the City Council to take the time already provided by the existing rent increase freeze through September to conduct a series of stakeholder engagement workshops to obtain input from all constituents including multifamily rental property owners, to better understand what Maywood needs as an entire community as well as the tangible costs involved in providing rental housing (including trash hauling, utilities, property taxes, insurance, maintenance, and repairs).
Staff also indicated during the meeting that they will be working on a Just Cause ordinance to restrict evictions based on specific At-Fault and No-Fault causes that the Council deems appropriate for Council’s consideration at a later date.
We ask that all AAGLA members in Maywood reach out to Max Sherman via email at Max@aagla.org to join an advocacy team TODAY for Maywood to join us for one-on-one discussions with individual City Council members regarding the upcoming Just Cause issue.
We will continue to track the drafting of the Just Cause ordinance, advocate for our members' interests, and provide updates as additional information becomes available.