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Current law |
Graham Consensus |
| Rent ceilings |
Complex & burdensome rent ceiling mechanism. |
Abolishes rent ceilings. (hearing on impact of abolition was held by CM Graham on 3/31/06). |
| Maximum frequency of rent charged increases |
Once every 180 days. |
Once per year. |
| Cap on rent charged increases for occupied units |
The amount of any single perfected & previously unimplemented rent ceiling adjustment. (Otherwise, NO CAP.) |
Generally, 2% + CPI%, taken as percentage of current rent charged. |
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No advantage for the elderly and disabled. |
For elderly & disabled tenants, CPI% capped at 5%, taken as percentage of current rent charged. No means testing |
| Cap on increases for vacant units |
12% of current rent ceiling, or up the rent ceiling for a “substantially identical unit”. |
10% of the current rent charged, or up to the rent charged for a “substantially identical unit” with cap of 30% of current rent charged for the vacant unit. |
| Low-income set-aside |
None. |
Requires the Mayor to provide the Council with a report on a set-aside of rental units for low-income residents. |
| Disclosure of Information |
None other than what is required in rent increase notices. |
Incorporates full disclosure provisions of separate legislation. |
| Administrative and filing burdens |
Extensive filing requirements. |
Significantly reduces filing burdens. |
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