3.21 22-0377 Subject: Ordinance To Modify The CPI Rent Adjustment From: Councilmember Fife Recommendation: Adopt An Ordinance Amending Chapter 8.22 Of The Oakland Municipal Code (Residential Rent Adjustments And Evictions) To (1) Make The Annual Permissible Rent Increase For Covered Units 60% Of The Percentage Increase In The Consumer Price Index Or 3%, Whichever Is Lower And (2) Align Annual Adjustment Period With State Law; On The June 7, 2022 City Council Agenda On Non-Consent - City of Oakland

Meeting: *Rules & Legislation Committee on 2022-05-05 10:30 AM - Please See The Agenda To Participate In The Meeting

Meeting Time: May 05, 2022 at 10:30am PDT

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Agenda Item

3.21 22-0377 Subject: Ordinance To Modify The CPI Rent Adjustment From: Councilmember Fife Recommendation: Adopt An Ordinance Amending Chapter 8.22 Of The Oakland Municipal Code (Residential Rent Adjustments And Evictions) To (1) Make The Annual Permissible Rent Increase For Covered Units 60% Of The Percentage Increase In The Consumer Price Index Or 3%, Whichever Is Lower And (2) Align Annual Adjustment Period With State Law; On The June 7, 2022 City Council Agenda On Non-Consent