On April 29, 2015 the city mailed notices seeking feedback from community owners, managers, residents and other interested parties regarding the rent stabilization issue. On May 4 the city was to have conducted another meeting with community owners and other interested parties for their input.
In the meantime, the city staff has been instructed to formulate regulatory options for rent stabilization and discuss the issue with stakeholders. Since the current measure expires July 3, it is anticipated the El Monte City Council will approve an updated ordinance by June 2, 2015. ##
(Photo credit: Plantation on the Lake MHC–Calimesa, CA)
