Rent increases for rent controlled units will be limited to 2% this year with a maximum monthly increase of $44.
Rent control increases are governed by formulas in the City Charter and while the Rent Control Board has no control over the percentage increase they do have a choice when setting the additional dollar cap. The board unanimously approved the increases at their June meeting and only one individual spoke about the decision.
Read More: https://www.smdp.com/rent-control-increases-capped-at-44/177006