LA caps rent hikes for the first time in 40 years to help tenants struggling with affordability

Beginning in February, landlords of most multifamily apartments in the area will be limited to annual rent increases of 1% to 4%, based on local inflation—down from the long-standing 3% to 8% cap in place for the last 40 years. “The measure may provide some relief to renters who want to stay in place without...