No. SB 664
Filed under Housing.
Rent of Affordable Housing Dwelling Units; Defining the terms “affordable” and “base rent”; prohibiting certain landlords of specified dwelling units from increasing the base rent of a unit during the term of a rental agreement, etc.
Plain English Summary
AI-GENERATEDLandlords of affordable housing units receiving public funding cannot raise the base rent while a tenant is in the middle of a lease agreement.
The restriction applies to leases of 13 months or less signed on or after July 1, 2027, and only to units that qualify as affordable housing.
Landlords may still increase the base rent when a tenant renews their lease, and they may adjust the net rent if the tenant's housing assistance changes.
AILandlords of affordable housing units that received public funding or tax incentives are prohibited from increasing the base rent during the term of a rental agreement.
AIDefines base rent as the initial rent calculated by an affordable housing program formula, public housing agency, or program terms, before the deduction of monthly housing assistance payments.
AILandlords may increase base rent when a tenant renews a rental agreement, and may change the net rent based on changes in the tenant's housing assistance qualifications.
AIThe rent increase prohibition applies only to rental agreements with a term of 13 months or less that are entered into on or after July 1, 2027.