Richmond places rent control ordinance on ballot, would tie allowable increases to CPI

The Richmond City Council has approved putting a measure on the fall ballot that, with voter approval, would lower how much landlords can raise rents annually on rent-controlled units.

The Rent Control Amendment for November 2022 measure would change Richmond’s current rental ordinance, which allows landlords to annually raise rents to match any increase in the consumer price index (CPI), which rose 5.2 percent in 2022.