At its meeting on February 25, 2025, Concord City Council directed staff to prepare amendments to the Residential Tenant Protection Program in the following two ways:
- Adjust the rent cap for multifamily units subject to the rent stabilization regulations from the current regulatory cap of 60% of CPI or 3%, whichever is lesser, to a flat maximum annual increase of 5%.
- Apply just cause for eviction regulations to rented single-family homes and rented condominiums in cases where one landlord owns three or more of these unit types in Concord; landlords that own two or fewer rented homes would be exempt from the just cause regulations. The current regulations apply to all rented single-family homes and rented condominiums.
Staff will return to City Council on March 25 with a draft Ordinance that reflects these requested changes. The March 25 meeting will be a public meeting and public comment on the draft ordinance is invited. A second reading of the Ordinance would occur on April 22, and the amended Ordinance would be effective 30 days after, or on May 22.
The Residential Tenant Protection Program, which went into effect on April 19, 2024, increased “just cause” eviction protections, expanded the City’s rent registry, and established a rent stabilization program. The goal of the regulations is to stabilize the community and minimize displacement of residents, while also allowing property owners to make a fair return on their investments. More information on the program and the regulations can be viewed on the City’s website here.
Those are suppose to be improvements? The greedy landlords will certainly raise the rent 5% a year. What’s the 2-3 house thing all about. Seems strange that some people invest all their money in the stock market, others might rather buy a few houses. Why are they considered something different. 2 houses not greedy, 3 houses greedy! I don’t understand how the increase goes into effect, is it after the lease ends and someone is signing the next. What if it was an 18 month lease? I’m sure the staff doesn’t really understand leasing, or being a landlord. But hey, they can add ” I stabilized rent” in their political career resume.
Props to Pablo Benavente, who tried to get this terrible ordinance fixed up as much as possible, but in instead, the political pandering of “Mayor” Obringer and Laura Nakamura working together shut him down.
Laura Hoffmeister doesn’t like any of it, and Dominic Aliano is a potted plant that refused to even discuss changes. He acted like a petulant child at the recent council meeting, he wouldn’t even participate, he just sat there daydreaming about being anywhere but at a city council meeting.
I have raised the rent on my tenants last year, and now will raise them the maximum allowable every chance I get until the tenants vacate, then I’ll sell the properties and take my investment elsewhere. To a city or financial vehicle where a 3rd party doesn’t determine a “fair return”. So this ordinance has resulted in higher rents for my tenants, and eventually fewer rentals in Concord.
Great job Obringer, Nakamura and Potted Plant! I hope you feel all warm and fuzzy inside with your virtue signaling mistake.
Dumping the entire program is the only solution.
Anything less shows the corruption of the City Council.