Rent in LA is out of control, and 80+ community-based organizations and labor unions agree! Visit keeplahoused.org to read our sign-on letter demanding stronger #rentcontrol . Read on to learn about why updating #LARSO is so important & how you can take action! 👇🏽🧵

Public Counsel Ktown for All 💜❤ Community Power Collective 🐝 ACCE 🐝 Strategic Actions for a Just Economy InnerCity Struggle Ground Game LA CHIRLA DSA-LA 🌹 Eastside L.E.A.D.S LARSO is the LA Rent Stabilization Ordinance - our rent control law. It applies to buildings with 2 or more units built before Oct 1, 1978 (about 70% of units in the City of LA). You can look up whether your building is covered on zimas.lacity.org. #LARSO2024

Public Counsel Ktown for All 💜❤ Community Power Collective 🐝 ACCE 🐝 Strategic Actions for a Just Economy InnerCity Struggle Ground Game LA CHIRLA DSA-LA 🌹 Eastside L.E.A.D.S LARSO includes a formula that determines how much your rent can be increased each year. This formula hasn’t been updated in decades… leading to rent increases that exceed inflation which means ⬆️ profit for LLs and ⬇️ housing that is affordable for working class ppl #LARSO2024

Public Counsel Ktown for All 💜❤ Community Power Collective 🐝 ACCE 🐝 Strategic Actions for a Just Economy InnerCity Struggle Ground Game LA CHIRLA DSA-LA 🌹 Eastside L.E.A.D.S We need LA City Council to change the LARSO formula because the people can’t afford the rent. In the coming weeks, the City Council will decide whether and how to change the formula. We must hold them accountable to making it as strong as possible to protect renters. #LARSO2024

Public Counsel Ktown for All 💜❤ Community Power Collective 🐝 ACCE 🐝 Strategic Actions for a Just Economy InnerCity Struggle Ground Game LA CHIRLA DSA-LA 🌹 Eastside L.E.A.D.S LA City Council Right now, LARSO allows landlords to raise the rent on stabilized units once per year based on the rate of inflation (CPI). Based on that, every May, the Housing Dept decides how much LL's can raise rent in the coming year, and are limited to between 3% min - 8% max. #LARSO2024

The 3% min increase means the city guarantees LLs can always raise rent, even if inflation is lower than that. Inflation has been lower than 3% for 23 of the past 30 years– so housing prices have skyrocketed and landlords have been raking in extra profit at renters’ expense.

Somos Familia Valle Tenants Together Social Eco Education Coal for Eco Surv LAANE LTSC Reclaim Our Schools LA LA CAN United Teachers Los Angeles AAPI Equity Alliance Rent increases compound every year (this year’s increase is based on last year’s rent) so these small numbers really add up. If landlords were allowed to raise rent 8% every year (the current LARSO max), then rent would *double* in 9 years! #LARSO2024

Somos Familia Valle Tenants Together Social Eco Education Coal for Eco Surv LAANE LTSC Reclaim Our Schools LA LA CAN United Teachers Los Angeles AAPI Equity Alliance UNITE HERE Local 11 Safe Place for Youth Los Angeles Neighborhood Land Trust CIELO South Asian Network (SAN) SCOPE Beverly-Vermont CLT Latinx Equality Alliance California Immigrant Policy Center Catalyst California On top of that, the current LARSO formula allows landlords to bump your rent more if they  pay for gas or electric utilities (1% for each). That’s why the currently allowed increase is 4% (just rent) - 6% (+ utilities). #LARSO2024

Somos Familia Valle Tenants Together Social Eco Education Coal for Eco Surv LAANE LTSC Reclaim Our Schools LA LA CAN United Teachers Los Angeles AAPI Equity Alliance UNITE HERE Local 11 Safe Place for Youth Los Angeles Neighborhood Land Trust CIELO South Asian Network (SAN) SCOPE Beverly-Vermont CLT Latinx Equality Alliance California Immigrant Policy Center Catalyst California Landlords are also allowed a one-time 10% rent increase for each new person joining a unit. That includes family or friends in need and also every new child after the 1st born. Even if the person moves out the raise often isn’t removed. Other cities prohibit this. #LARSO2024

Somos Familia Valle Tenants Together Social Eco Education Coal for Eco Surv LAANE LTSC Reclaim Our Schools LA LA CAN United Teachers Los Angeles AAPI Equity Alliance UNITE HERE Local 11 Safe Place for Youth Los Angeles Neighborhood Land Trust CIELO South Asian Network (SAN) SCOPE Beverly-Vermont CLT Latinx Equality Alliance California Immigrant Policy Center Catalyst California Over 60% of LA households are renters and more than half are rent burdened or extremely rent burdened, meaning they spend more than 30% or 50% of their income on rent. The pandemic made the housing and homelessness crisis worse and tenants have still not recovered. #LARSO2024