02/11/2022
I wanted to share some information on the Rental Registration Program that is being looked at.
This is a program where landlords would register their rentals with the city. There's a lot of considerations involved in this, and it is still very early in the process. But here's some information to know and ways to stay up to date as the program is developed.
First off, the Rental Permit plan is not yet on the docket for approval, City Council is in the exploration phase where data is being gathered and a committee is putting together what the program would look like. There will be a meeting in August where a plan will be presented from the Committee in charge of putting the program together to City Council.
Here is the website that provides the survey link as well as a newsletter signup for updates and more information. If someone is feeling passionate about the issue (Like me) they can even join in the task force.
https://www.fcgov.com/housing/rental-housing-strategies
Here are some information I think is helpful in this discussion:
Why is this being brought up? This work seeks to address the Greatest Challenge that "housing policies have not consistently addressed housing stability and healthy housing, especially for people who rent."
What are they wanting to consider when putting the program together:
-inspection of units
-fee to cover program costs
-tracking of rental properties and who the landlords are are (they say for statistical reasons and to provide resources to landlords.)
-involve landlords and tenants in program design and implementation
The fee that will be charged and what an inspection costs/ what they look for is also not known. The research they pulled from other cities who utilize rental permitting programs is all over the board from $50.00-$175 and range from per unit to per building. This is one of the key things the city is looking at when discussing the program. They want small fees that will not effect the housing market in a negative way.
Part of what the city will be reviewing as part of this program is the U+2 rule, incentives for small landlords, and land use zoning.
Right now it is important that people know that this is coming down the line so that their voices can be heard. Here are some stats that are interesting on rentals:
43% of Foco housing is Rentals
60.6% of Renters are using over 30% of their income for housing
There are over 1500 violations (that are known) on the U+2 Rule
There has been a 68% rent increase since 2011
There are 200-something complaints in with the city from tenants on rental properties
Please feel free to pass this along to Landlords, property managers, tenants, investors, Realtors, Lenders, and anyone who can help spread the word so that the city gets a lot of response to the survey and people can be heard.
I am always open to chatting with people about this. So if you have someone who wants to learn more and connect, please introduce us.