Santa Barbara City Councilmembers Kristen Sneddon and Wendy Santamaria along with pro-bono attorneys have drafted a 15-page rent stabilization ordinance and are asking this Tuesday for the rest of the City Council to formally place it on an agenda for a vote.
The proposal calls for allowable rent increases of 60% of the California Consumer Price Index.
“Santa Barbara faces an ongoing housing affordability crisis that makes rent stabilization a critical need,” the first line of their letter states. “Rents are among the highest in California, while wages in key sectors such as education, hospitality, healthcare and service work have not kept pace.”…