The City of Santa Cruz will rescind the rent cap on housing developments with expiring rental agreements, but with the understanding that the owners of the St. George Residences downtown will still abide by the cap.
St. George Residences
Posted inPolitics & Policy
City of Santa Cruz negotiating settlement with owners of St. George Residences, delaying fair-rate-of-return ordinance
The City of Santa Cruz is trying to reach a settlement with the owner of the downtown St. George Residences and avoid litigation over a city ordinance that would limit rent increases at government-assisted living facilities with expiring rent agreements. The city hopes to know within several weeks whether the parties can reach an agreement.
Posted inHousing & Development
Santa Cruz City Council to vote on rent-control compromise amid ongoing lawsuit
In response to a lawsuit by the owner of the downtown St. George Residences, the Santa Cruz City Council is set to vote Tuesday on a process that would allow certain landlords to charge higher rents than those allowed under a new city ordinance in order to receive a “fair rate of return” on a rental property.
Posted inHousing & Development
Owner of downtown Santa Cruz apartment building sues city over rent cap ordinance
Following a rent increase ordinance approved by the Santa Cruz City Council in September, the owner of the downtown St. George Residences has filed a lawsuit against the city arguing that the rental restrictions are unconstitutional and will have a “chilling effect” on affordable housing development.
Posted inPolitics & Policy
Rent cap gets final approval from Santa Cruz City Council
The Santa Cruz City Council unanimously approved a city ordinance to bring government-assisted living facilities with expiring rent restrictions, including the downtown St. George Residences, under the same protections mandated by a state law that limits the size of single-year rent increases. The ordinance will go into effect on Oct. 24, just a week before St. George residents were facing rent hikes as high as 200%.
Posted inPolitics & Policy
St. George rent cap draws initial support from Santa Cruz City Council as threat of lawsuit looms
The 70 low-income tenants at the St. George Residences in downtown Santa Cruz might no longer be priced out of their homes after a city council proposal to cap rent hikes there passed on first reading Tuesday. The city council will take a final vote on Sept. 24. The owner of the building is threatening to sue.
Posted inHousing & Development
Santa Cruz City Council to vote to restrict rent hikes at St. George — and other buildings like it in the city
The Santa Cruz City Council is slated to vote Tuesday on an ordinance that would bring all government-assisted housing developments in the city under the same protections as other housing developments established in Assembly Bill 1482. If passed, annual rent hikes at these developments would be limited at 5% plus inflation or 10% — whichever is lower.
Posted inHousing & Development
Facing significant rent hikes, some St. George Residences tenants feel hung out to dry
The St. George Residences along Pacific Avenue in downtown Santa Cruz will see rents rise substantially in 71 of its 122 units, due to an expiring 30-year agreement between the city and its owners. Although officials say the situation is unusual, the move comes at a time when homelessness among older adults is rising — and many of the 71 low-income studio apartments are occupied by seniors.