Meeting the basic needs of unemployed workers throughout this economic downturn is essential for preserving our social fabric and civic institutions. California needs to take direct action to address the economic emergency caused by COVID-19 that is causing widespread business closures and extremely high unemployment. Forty-three percent of California workers have a high risk of unemployment.
San José, California's third most populous city, regulates rent increases for older apartment units through its Apartment Rent Ordinance (ARO). To help inform policy deliberations by the San José City Council and Housing Department staff, this report analyzes demographic characteristics of ARO tenants, characteristics of ARO apartments, compares ARO allowable rents increases with Rent Stabilization Ordinances in other cities, analyzes the debt-service pass-through, and financial outcomes of ARO rental properties.