Los Angeles approves first major rent control reform in decades, cutting annual increases to as low as 1%

Los Angeles has significantly reduced annual rent increases for tenants in rent-stabilized units, capping them between 1% and 4% based on inflation. This landmark decision, passed by the city council, aims to boost affordability and prevent homelessness. Landlords, however, warn of negative impacts on property maintenance and future development, sparking debate over the city’s housing market regulation.