When rents were rising rapidly in 2016, forcing many renters to move, Mountain View voters passed Measure V, which stabilized rents to keep lower-income renters in Mountain View. It also enacted just cause for eviction, and, at the same time, allowed for a fair rate of return for landlords. Measure V, also known as the Community Stabilization and Fair Rent Act (CSFRA) capped rents for approximately 13,500 units in Mountain View built before 1995. The League of Women Voters of the Los Altos-Mountain View Area believes our communities are stronger when there is rent stabilization and just-cause programs to minimize displacement, provide stable and predictable housing costs and provide a fair rate of return to landlords.
However, a group of landlords initiated a ballot measure planned for the November election that makes radical changes to CSFRA, effectively suspending it. To potentially avoid this ballot initiative, the Mountain View City Council developed Measure D and placed it on the March ballot. Measure D makes significant changes to current policy. The LWV opposes Measure D because it is inconsistent with the fair rate of return standard and eliminates the use of an inflation index in determining the maximum annual rent increase. These two changes can more likely lead to large rent increases of up to 10% per year. In fact, rents could potentially increase up to 20% in just 13 months.