The Santa Monica Rent Control Board has agendized an item for their 11/9 meeting to discuss the ability of housing providers to pass through local assessments. The City of Santa Monica has long understood local assessments such as local school bonds are a public benefit that should be incurred by all in the City and have allowed housing providers to pass through these assessments. It is the fair and right policy.
At the request of Commissioner Nicole Phillis she asked “If the Board enacts regulations permitting landlords to pass through to their tenants a portion of earthquake retrofitting costs, to what extent, if any, should existing pass-throughs for local assessments be limited?”.
We highly encourage our members to write the RCB and request they not tamper with local assessment pass-throughs. Preventing the ability to pass through these voter approved public benefits put future assessments at risk as housing providers will have an increasingly difficult time being able to support assessments that benefit all of Santa Monica as they will have to personally shoulder the financial burden. It is the fair and right thing for all Santa Monica to should the financial burden of selected assessments. Do not put future assessments at risk due to unfair policies.