The rent control ordinance set to take effect on September 4 for Richmond renters has been officially suspended. The County Clerk elections department validated enough signatures to prevent rent control from becoming law.
The Richmond City Council’s meeting agenda showed the Contra Costa County Clerk Recorder-Elections Division ruled the petition had 389 valid signatures out of a random sampling of 500 signatures.
The California Apartment Association (CAA) backed the petition to gather the necessary 4,100 signatures to block the new ordinance.
As the Bay Area technology boom continues to grow, rent stabilization is considered a solution to today’s housing crisis to prevent displacement of low-income residents. The ordinance, which was set to take place last month, would have made Richmond the first California city to pass this type of legislation in more than 30 years.
The agenda report states the city’s next steps. The council can still repeal the legislation in its entirety, place it on the November 2016 ballot or hold a special election in June 2016. So far the city council’s only action is receiving the Certificate of Sufficiency of Petition.