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Tenant Relocation Ordinance

From: domainremoved <Kevin>
Date: Tue, 26 Feb 2019 18:22:32 -0800

Dear Menlo Park City Council,
I own an apartment building in Menlo Park and I manage apartments in other cities as well. On its face, tenant relocation assistance is a feel good rule that appears to re-distribute funds from wealthy landlords to less wealthy tenants. This is not what actually happens.

When Menlo Park passes a 12 month lease ordinance, Landlords see a single opportunity each year to raise rents, this causes the rent increases to be more aggressive because realisitcally its the only opportunity Landlords have to raise rents. I argue this does not benefit the tenant.

The cost of the proposed relocation payments, in some way shape or form will be absorbed by tenants, either because some Landlords decide not to lease the units because they do not want to make relocation payments or the Landlord will not accept lower rents because of the anticipated relocation costs or the Landlord will no longer allow rents to remain low for longer term tenants because the costs to operate are ever increasing with each new rule the City of Menlo Park passes.

The only meaningful way to control housing costs is to build enough of it. I propose the metric the city use is that every year rents increase, the planning department has failed to build enough housing for the residents of Menlo Park. We need the City Council to spearhead a 5,10 and 20 year plan to SOLVE the housing crisis. A true vision to build ample supply of housing to house our population. Where can Menlo Park build 20,000 units over the next 20 years?
Received on Tue Feb 26 2019 - 18:18:42 PST

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