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Mitre -Ramirez, Norma From: Sent: To: Subject: FYI Best Regards, Julie Castro -Cardenas Senior Management Assistant (714)647-5263 City Manage's Office City of Santa Ana Castro -Cardenas, Julie Tuesday, February 6, 2018 1:55 PM Mitre -Ramirez, Norma; Rojano, Michael FW: Rent Control From: Jerry McLane [mailto:Jerry@iassetmgmt.com] Sent: Tuesday, February 6, 2018 12:23 PM To: City Council <CityCouncil@santa-ana.org> Subject: Rent Control Dear Mayor Pulido and City Council, I operate rental property in Santa Ana and am proud to provide quality, safe housing for people of all income levels. As an active stakeholder in your community, I support the city's goal to improve the quantity, diversity, and affordability of housing. However, this cannot be achieved through studying or adopting rent control (aka rent stabilization) and just cause eviction Rent control is a counterproductive policy. It will not produce any new affordable housing or address the city's long-term housing concerns. If adopted, it creates a stagnant market and increases the cost of housing for everyone else. Worse, the unintended consequences are long-term and will eventually deteriorate the condition of housing since rent control often times prevents the owner in making capital improvements on the property. Instead, I urge you to expand the city's efforts to produce more housing and promote available resources and programs for the city's renters. I ask that you focus on these goals and look for ways to partner with the community to ensure renters are aware of resources available to them and educate rental owners on fair and ethical management practices. appreciate the city's collaborative approach to provide meaningful, long- :rm solutions to our region's housing challenges. Thank you for your ontinued leadership on this important issue.