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RENT CAPS ON SINGLE FAMILY HOMES

From: domainremoved <Bal>
Date: Tue, 26 Feb 2019 11:08:45 -0800

Dear City Council,



Alternative A is the best path forward for Menlo Park. I feel the
mandatory lease offering policy provides sufficient stability for tenants
and landlords, and any need for relocation assistance should be focused on
those truly in need. This means adopting the lower AMI threshold,
exempting single family homes, and including triggers that focus on a true
change of use or removal from the market. When units are lost everyone is
worse off and that is why building more housing is the only true solution
to our crisis.



Adopting Alternative B would simply increase the costs, and risks, of
providing housing and incentivize landlords from exiting the rental
market. We’ve seen that happen in Mountain View already, and the inclusion
of single family homes is something that has always been exempt from rent
control ordinances for legal reasons. Attempting to apply just cause
eviction and rent caps on these units will only harm Menlo Park tenants and
housing providers.



As a local REALTOR® and housing provider, I am committed to supporting
solutions that actually work for tenants and provide more housing for
all. I urge you to support Alternative A, and reject any attempts to
impose the costs of rent control on mom and pop landlords and homeowners in
Menlo Park.



Sincerely,


Bal Bagwat

Realtor
Received on Tue Feb 26 2019 - 11:05:47 PST

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