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Orozco, Norma <br />From: <br />Sent: <br />To: <br />Subject: <br />Categories: <br />Dear Santa Ana City Council; <br />Christopher Bridge <chrisjbridge@yahoo.com> <br />Monday, October 18, 2021 5:00 PM <br />eComment <br />Rent control & just cause eviction ordinances <br />Correspondence <br />I am writing to voice my strong opposition to the the proposed rent control and just cause eviction <br />notices which is coming up for consideration. <br />I am an active real estate broker specializing in multifamily property sales and acquisitions throughout <br />Orange County and Santa Ana in particular. I am also an apartment property owner within the city of <br />Santa Ana. <br />Through my professional discussions with multi family building owners in Orange County I can <br />confirm that the city of Santa Ana is becoming an area in which it is not considered safe to invest, <br />pending the outcome of this rent control vote. Existing owners have made it clear that if rents are not <br />able to keep up with market inflation the impact will be in a lack of reinvestment in the maintenance of <br />their buildings. I am sure this is not what the City of Santa Ana is anticipating or desiring. <br />In consideration of unreasonable rent hikes the State of California has recently enacted Assembly Bill <br />1482 also known as the Tenant Protection Act of 2019. This cap on rent raises is "Designed to guard <br />tenants against the most egregious rent hikes." This by itself is sufficient to protect the tenants from <br />unscrupulous landlords. NO FURTHER ACTION IS NECESSARY. <br />Thank you for your no vote. <br />Yours sincerely <br />Christopher J Bridge <br />