Rent Stabilization Program Monthly Status Report FY 2020-21
Mountainview.gov/rentstabilization
Community Outreach and Education Information Requests and Public Inquiries*
1129
Public Inquiry Topics
Subset: COVID-19 Related 276
Public Inquiries Made
172
116
169 116
77
106 97
Tenant: 624| Landlord: 430 Other: 75
61
46
41 38
38
19
Bilingual Services via Helpline (Spanish as Primary Language)
17 8
178
19
6 1
(16% of all inquires)
18
2 0 0
100
200
0
300
20
40
60
80
100
Community Workshops and Trainings, Office Hours, Events and Outreach Workshop and, Trainings, Office Hours, Events
Outreach
3
66
45
Workshops
Office Hours
In-person Rent Relief Events
508
40
46
Attendees
Attendees
Attendees
8 Mailings
16 MV Voice Ads
34
648
Email Updates
Email Subscribers
Mediations and Conciliations The Mountain View Rental Housing Helpline and the Mountain View Mediation Program assist the Rent Stabilization Program by providing free mediation and conciliation services to landlords and tenants in Mountain View. These services help people come together to talk about and potentially solve their disputes in a controlled environment with the help of trained volunteer mediators. They help to resolve issues for rental properties in Mountain View, reducing the number of petitions filed with the City.
113 Mediations and Conciliations
111 of 113 Resolved (2 Pending)
Required Noticing Required Noticing
6
824
Banked Rent Increase Notices
Termination Notices
0
2
Tenant Buyout Notices
Additional Occupant Notices
Just Cause Eviction Submittals (as Received by the City) No-Fault Notices 200
At-Fault Notices 50
Withdrawal
Owner Move-in
100 53
50 0100
0
0000
100
0000
183
200
Criminal Activity
10 0
248
150
20
Demolition
272
250
Nuisance
30
Temporary Vacancy
300
Breach of Lease
40
150
Failure to Pay Rent Notices
0000
0001
2
000
1000
100
Failure to Pay Rent 63
50
Failure to Give Access
0
Tenant Relocation Assistance (Calendar Year) Properties in Redevelopment
Households that Received Assistance
Units Affected
7
5
5
1
0
339
126
297
4
0
115
143
60
53
19
2017
2018
2019
2020
2021
2017
2018
2019
2020
2021
2017
2018
2019
2020
2021
Rent Adjustment Petitions Prior Fiscal Years FY 2017/18
FY 2018/19
Landlord: 13 Tenant: 5
40
Current Fiscal Year Landlord: 1 Tenant: 11 (A:2, B:2, C:7)
FY 2019/20
Landlord: 3 Tenant: 49
Landlord Petitions: 0 Tenant Petitions: 21 (A: 2 , B: 19, C: 0)
30
36
FY 2017-18 FY 2018-19
30
FY 2019-20 20
25 20 FY 2020-21
15 10
8
10 3
0
FY 2020/21
0
0
5
5
6 3
3
5 0
2
2
0
2
0
1
7
0
7 5
5 0
1
1
0
2
Market Conditions Vacancy Rates** Fully Covered Units after CSFRA 40.0% 12.0%
35.0%
Newly Built Units
30.0%
10.0%
28.8%
Partially Covered Units
20.0%
6.0% 4.5%
15.4%
15.0%
4.0%
9.2%
10.0% 5.0%
8.8%
8.0%
25.0%
All Units
8.8%
2.0%
4.9% 4.8%
0.0%
3.7%
0.0% Fully Covered Units
Average Market Rent*** Fully Covered Units after CSFRA
5000 $4,142
$4,123
4000
3000
$2,800
Partially Covered Units
$2,875 $2,373
2000
Newly Built Units
$3,954
$2,501
$2,700 $2,600 $2,501
$1,656
$2,500
All Units
$1,631
1000
$2,400 Fully Covered Units
$2,424
$2,300 $2,200
53.3% increase
73.6% increase
66.6% increase
.46% increase
Fully Covered Units
All Units
Partially Covered Units
Newly Built Units
$2,100
Property Sales for Fully Covered Units Properties Sold 50 40 30 20 10 0
39 32
29 22
21
35
Units Sold
33 23
26 12
11
Properties for Sale
8
2000 16001213 1500
Properties 960
1000 500 0
257
505
356
371
308 221
602 229
134 Units
*Mountain View Rental Housing Helpline, June 2021; ** CoStar, June 2021; Disclaimer: Vacancy Rate data is for informational purposes only and not intended to be used as a benchmark for suspension of the CSFRA. See Section 1718 of the CSFRA for details; *** CoStar, June 2021 Average Asking Rent (market rent rate).
3
METHODOLOGY Data unrelated to the CoStar databases or the MNOI CPI Indices was obtained by staff through use of internal record keeping and in partnership with external consultants and vendors, including Associated Right of Way Services (ARWS) and the Mountain View Rental Housing Helpline. Data gathered from CoStar utilizes as regimented and consistent search terms within the database as possible in an effort to adhere to the specifics of the CSFRA. The data provided by CoStar and used in the CSFRA Monthly Report was obtained as follows: •
•
•
Vacancy Rate Data and Average Asking Rent Data (Average Market Rent): The search criteria included multi-family properties with three or more units built before 1995; multi-family properties with three or more units built from 1995 through 2015; multi-family properties with three or more units built after 2016; and all multi-family properties with three or more units using the Properties database. These four data points illustrate the average vacancy rate and average asking rent trends of vacant units for the total market, including units fully covered by the CSFRA (first occupancy before 1995), units partially covered by the CSFRA (first occupancy from 1995 through 2015), newly built units not covered by the CSFRA (first occupancy after December 23, 2016) and all units within Mountain View. Multi-Family Property Sales for Units Built Before 1995: The search criteria for Multi-Family Property Sales for Units Built Before 1995 included multi-family apartment properties with three or more units that sold from 2011 through 2020 within Mountain View using the Sales Comp database. Non-Arm’s Length Sales, in which there is a relationship between the buyer and the seller of the property, were excluded. Properties Currently for Sale: The search criteria for Properties Currently for Sale included multifamily apartment properties built before 1995 with three or more units currently for sale within Mountain View using the For Sale database.
4
Rent Stabilization Program Monthly Status Report FY 2020-21 (as of May 2021)
Mountainview.gov/rentstabilization
Community Outreach and Education Information Requests and Public Inquiries*
1057
Public Inquiry Topics
Subset: COVID-19 Related 271
Public Inquiries Made
172
100
154 111
76
97 87
Tenant: 585| Landlord: 402 Other: 70
56
46
35 26
36
19
Bilingual Services via Helpline (Spanish as Primary Language)
16 7
169
19
4 1
(22% of all inquires)
18
1 0 0
100
200
0
300
20
40
60
80
100
Community Workshops and Trainings, Office Hours, Events and Outreach Workshop and, Trainings, Office Hours, Events
Outreach
1
61
40
Workshops
Office Hours
In-person Rent Relief Event
453
39
14
Attendees
Attendees
Attendees
8 Mailings
16 MV Voice Ads
34
645
Email Updates
Email Subscribers
Mediations and Conciliations The Mountain View Rental Housing Helpline and the Mountain View Mediation Program assist the Rent Stabilization Program by providing free mediation and conciliation services to landlords and tenants in Mountain View. These services help people come together to talk about and potentially solve their disputes in a controlled environment with the help of trained volunteer mediators. They help to resolve issues for rental properties in Mountain View, reducing the number of petitions filed with the City.
109 Mediations and Conciliations
99 of 109 Resolved (5 Pending)
Required Noticing Required Noticing
6
0
754
Banked Rent Increase Notices
2
Tenant Buyout Notices
Termination Notices
Additional Occupant Notices
Just Cause Eviction Submittals (as Received by the City) No-Fault Notices 200
At-Fault Notices 50
Withdrawal
Owner Move-in
100 37
50 0100
0
0000
0000
000
Criminal Activity
10 0
194
183
200 150
20
Demolition
272
250
Nuisance
30
Temporary Vacancy
300
Breach of Lease
40
150
Failure to Pay Rent Notices
0000
0001
2
000
1000
100
Failure to Pay Rent 63
50
Failure to Give Access
0
Tenant Relocation Assistance (Calendar Year) Properties in Redevelopment
Households that Received Assistance
Units Affected
7
5
5
1
0
339
126
297
4
0
115
143
60
53
15
2017
2018
2019
2020
2021
2017
2018
2019
2020
2021
2017
2018
2019
2020
2021
Rent Adjustment Petitions Prior Fiscal Years FY 2017/18
FY 2018/19
Landlord: 13 Tenant: 5
40
Current Fiscal Year Landlord: 1 Tenant: 11 (A:2, B:2, C:7)
FY 2019/20
Landlord: 3 Tenant: 49
36
FY 2017-18 FY 2018-19
30
FY 2019-20 20
Landlord Petitions: 0 Tenant Petitions: 21 (A: 2 , B: 19, C: 0)
30 25 20
FY 2020-21
15 10
8
10 3
0
FY 2020/21
0
0
5
5
6 3
3
5 0
2
2
0
2
0
1
5 0
7
5 2
1
6 0
0
2
Market Conditions Vacancy Rates** Fully Covered Units after CSFRA 0.4 0.35
12.0%
Newly Built Units
0.3
8.0%
0.25 20.8%
Partially Covered Units
0.2 0.15
10.5%
0.1 0.05
9.2%
10.0%
28.8%
4.5%
4.0%
9.2%
All Units
2.0%
4.9% 5.6%
4.8%
6.0%
0.0%
0 Fully Covered Units
Average Market Rent*** Fully Covered Units after CSFRA
5000 $4,123
$4,029
4000
3000
$2,800
Partially Covered Units
$2,816
$2,373
2000
Newly Built Units
$3,886
$2,471
$2,700 $2,600
$1,656
$2,471
$2,500
All Units
$1,631
1000
$2,400 Fully Covered Units
$2,424
$2,300 $2,200
51.5% increase
70.0% increase
63.8% increase
2.3% decrease
Fully Covered Units
All Units
Partially Covered Units
Newly Built Units
$2,100
Property Sales for Fully Covered Units Properties Sold 50 40 30 20 10 0
39 32
29 22
21
35
Units Sold
33 23
26 12
11
4
2000 16001213 1500
Properties 960
1000 500 0
Properties for Sale
257
505
356
371 221
308
602 229
82 Units
*Mountain View Rental Housing Helpline, May 2021; ** CoStar, May 2021; Disclaimer: Vacancy Rate data is for informational purposes only and not intended to be used as a benchmark for suspension of the CSFRA. See Section 1718 of the CSFRA for details; *** CoStar, May. 2021 Average Asking Rent (market rent rate).
3
Rent Stabilization Program Monthly Status Report FY 2020-21 (as of April 2021)
Mountainview.gov/rentstabilization
Community Outreach and Education Information Requests and Public Inquiries*
973
Public Inquiry Topics
Subset: COVID-19 Related 244
Public Inquiries Made
167
93
135 107
69
84 81
Tenant: 525| Landlord: 381 Other: 66
54
43
33 25
33
18
Bilingual Services via Helpline (Spanish as Primary Language)
14 7
145
19
2 1
(21% of all inquires)
16
1 0 0
100
200
0
300
20
40
60
80
100
Workshops, Office Hours and Outreach Community Workshops
Virtual Office Hours
25
35
Workshops
Office Hours
181
39
Attendees
Attendees
Outreach
8 Mailings
13 MV Voice Ads
29
645
Email Updates
Email Subscribers
Mediations and Conciliations The Mountain View Rental Housing Helpline and the Mountain View Mediation Program assist the Rent Stabilization Program by providing free mediation and conciliation services to landlords and tenants in Mountain View. These services help people come together to talk about and potentially solve their disputes in a controlled environment with the help of trained volunteer mediators. They help to resolve issues for rental properties in Mountain View, reducing the number of petitions filed with the City.
102 Mediations and Conciliations
90 of 102 Resolved (7 Pending)
Required Noticing Required Noticing
6
646
Banked Rent Increase Notices
Termination Notices
0
2
Tenant Buyout Notices
Additional Occupant Notices
Just Cause Eviction Submittals (as Received by the City) No-Fault Notices 200
At-Fault Notices 50
Withdrawal
Owner Move-in
100 37
50 0100
0
0000
0000
000
Criminal Activity
10 0
183
200 150
20
Demolition
272
250
Nuisance
30
Temporary Vacancy
300
Breach of Lease
40
150
Failure to Pay Rent Notices
0000
0001
2
000
1000
100
Failure to Pay Rent
86
63
50
Failure to Give Access
0
Tenant Relocation Assistance (Calendar Year) Properties in Redevelopment
Households that Received Assistance
Units Affected
7
5
5
1
0
339
126
297
4
0
115
143
60
53
13
2017
2018
2019
2020
2021
2017
2018
2019
2020
2021
2017
2018
2019
2020
2021
Rent Adjustment Petitions Prior Fiscal Years FY 2017/18
FY 2018/19
Landlord: 13 Tenant: 5
40
Current Fiscal Year Landlord: 1 Tenant: 11 (A:2, B:2, C:7)
FY 2019/20
Landlord: 3 Tenant: 49
Landlord Petitions: 0 Tenant Petitions: 20 (A: 2 , B: 19, C: 0)
30
36
FY 2017-18 FY 2018-19
30
FY 2019-20 20
25 20 FY 2020-21
15 10
8
10 3
0
FY 2020/21
0
0
5
5
6 3
3
5 0
2
2
0
2
0
1
5 0
7
6 1
1
6
0
0
2
Market Conditions Vacancy Rates** 0.4 0.35 0.3 0.25 0.2 0.15 0.1 0.05 0
Fully Covered Units after CSFRA 28.8%
Newly Built Units
24.1%
Partially Covered Units
9.9% 6.5%
4.8%
9.9%
10.0%
11.5% 4.9%
12.0% 8.0% 6.0%
4.5%
4.0%
All Units
2.0% 0.0%
Fully Covered Units
Average Market Rent*** Fully Covered Units after CSFRA
5000 $4,123
$3,885
4000
$3,827
3000
$2,800
Partially Covered Units
$2,764 $2,441
$2,373
2000
Newly Built Units
$2,700 $2,600
$1,656
All Units
$1,631
$2,441
$2,500
1000
$2,400 Fully Covered Units
$2,424
$2,300 $2,200
49.7% increase
66.9% increase
61.3% increase
5.8% decrease
Fully Covered Units
All Units
Partially Covered Units
Newly Built Units
$2,100
Property Sales for Fully Covered Units Properties Sold 50 40 30 20 10 0
32
39 29
22
35
Units Sold
33 23
21
12
25 7
Properties for Sale
4
2000 16001213 1500 960 371 1000 505 356 308 594 257 500 221 144 0
Properties
82 Units
MNOI Consumer Price Indices For use in Calculations of Fair Return in Upward Adjustment of Rent Petitions and Compounded over Time 30% 25% 20% 15% 10%
15%
16%
12%
12%
7%
9%
18%
19%
13%
14%
15%
11%
11%
10%
19%
20% 16% 12%
21% 17% 12%
25%
22%
23%
24%
21%
22%
19%
19%
20%
20%
17%
18%
13%
14%
14%
14%
15%
15%
26% 22% 16%
26% 22% 15%
25% 23% 16%
26% 23% 16%
26%
26%
26%
23%
23%
24%
17%
17%
18%
26% 20%
CPI-Rent of Primary Residence CPI-Housing
CPI-All
5% 0%
Dec. 2017
Feb. 2018
Apr. 2018
June 2018
Aug. 2018
Oct. 2018
Dec. 2018
Feb. 2019
Apr. 2019
June 2019
Aug. 2019
Oct. 2019
Dec. 2019
Feb. 2020
Apr. 2020
June 2020
Aug. 2020
Oct. 2020
Dec. 2020
Feb. 2021
Apr. 2021
*Mountain View Rental Housing Helpline, Apr. 2021; ** CoStar, Apr. 2021; Disclaimer: Vacancy Rate data is for informational purposes only and not intended to be used as a benchmark for suspension of the CSFRA. See Section 1718 of the CSFRA for details; *** CoStar, Apr. 2021 Average Asking Rent (market rent rate).
3
Rent Stabilization Program Monthly Status Report FY 2020-21 (as of March 2021) Community Outreach and Education Information Requests and Public Inquiries*
903
Public Inquiry Topics
Subset: COVID-19 Related 230
Public Inquiries Made
159
84
122 98
67
78 75
Tenant: 479| Landlord: 361 Other: 63
49
40
29 20
29
18
Bilingual Services via Helpline (Spanish as Primary Language)
14 7
130
19
2 1
(20% of all inquires)
16
1 0 0
100
200
0
300
20
40
60
80
100
Workshops, Office Hours and Outreach Community Workshops
Virtual Office Hours
23
35
Workshops
Office Hours
177
34
Attendees
Attendees
Outreach
5 Mailings
13 MV Voice Ads
26
645
Email Updates
Email Subscribers
Mediations and Conciliations The Mountain View Rental Housing Helpline and the Mountain View Mediation Program assist the Rent Stabilization Program by providing free mediation and conciliation services to landlords and tenants in Mountain View. These services help people come together to talk about and potentially solve their disputes in a controlled environment with the help of trained volunteer mediators. They help to resolve issues for rental properties in Mountain View, reducing the number of petitions filed with the City.
93 Mediations and Conciliations
79 of 93 Resolved (9 Pending)
Required Noticing Required Noticing
6
522
Banked Rent Increase Notices
Termination Notices
0
2
Tenant Buyout Notices
Additional Occupant Notices
Just Cause Eviction Submittals (as Received by the City) No-Fault Notices 200
At-Fault Notices 50
Withdrawal
Owner Move-in
100 50 0100
0000
0
0000
0000
Criminal Activity
10 0
183
200 150
20
Demolition
272
250
Nuisance
30
Temporary Vacancy
300
Breach of Lease
40
150
Failure to Pay Rent Notices
0000
0000
0001
2
000
Failure to Pay Rent
100 50
Failure to Give Access
63 12
0
Tenant Relocation Assistance (Calendar Year) Properties in Redevelopment
Households that Received Assistance
Units Affected
7
5
5
1
0
339
126
297
4
0
115
143
60
53
12
2017
2018
2019
2020
2021
2017
2018
2019
2020
2021
2017
2018
2019
2020
2021
Rent Adjustment Petitions Prior Fiscal Years FY 2017/18
FY 2018/19
Landlord: 13 Tenant: 5
40
Current Fiscal Year Landlord: 1 Tenant: 11 (A:2, B:2, C:7)
FY 2019/20
Landlord: 3 Tenant: 49
Landlord Petitions: 0 Tenant Petitions: 20 (A: 1 , B: 19, C: 0)
30
36
FY 2017-18 FY 2018-19
30
FY 2019-20 20
25 20 FY 2020-21
15 10
8
10 3
0
FY 2020/21
0
0
5
5
6 3
3
5 0
2
2
0
2
0
1
5 0
7
7
5 1
0
0
0
2
Market Conditions Vacancy Rates** 0.4 0.35 0.3 0.25 0.2 0.15 0.1 0.05 0
Fully Covered Units after CSFRA Newly Built Units
27.8%
28.8%
10.1%
11.0% 9.0%
12.2% 10.1% 4.9%
7.9%
4.8%
Partially Covered Units
7.0%
All Units
3.0%
4.5%
5.0% 1.0% -1.0%
Fully Covered Units
Average Market Rent*** Fully Covered Units after CSFRA
5000 $4,123
Newly Built Units
$3,773
4000
$2,800
$3,641
3000 2000
Partially Covered Units
$2,700 $2,392
$2,373
$2,700 $2,600
$1,656
All Units
$1,631
$2,500
1000
$2,400 Fully Covered Units
$2,424
$2,392
$2,300 $2,200
46.7% increase
63.0% increase
53.4% increase
8.5% decrease
Fully Covered Units
All Units
Partially Covered Units
Newly Built Units
$2,100
Property Sales for Fully Covered Units Properties Sold 50 40 30 20 10 0
32
39 29
22
35
Units Sold
33 23
21
25
12 3
Properties for Sale
3
2000 16001213 1500 960 371 1000 505 356 308 592 257 500 221 128 0
Properties
89 Units
MNOI Consumer Price Indices For use in Calculations of Fair Return in Upward Adjustment of Rent Petitions and Compounded over Time 30% 25% 20% 15% 10%
15%
16%
12%
12%
7%
9%
18%
19%
13%
14%
15%
11%
11%
10%
19%
20% 16% 12%
21% 17% 12%
24%
26%
26%
25%
26%
26%
26%
26%
23%
25%
22%
22%
23%
23%
24%
17%
18%
19%
20%
22%
23%
20%
23%
19%
17%
17%
18%
13%
14%
14%
14%
15%
15%
21%
22%
16%
15%
16%
16%
CPI-Rent of Primary Residence CPI-Housing
CPI-All
5% 0%
Dec. 2017
Feb. 2018
Apr. 2018
June 2018
Aug. 2018
Oct. 2018
Dec. 2018
Feb. 2019
Apr. 2019
June 2019
Aug. 2019
Oct. 2019
Dec. 2019
Feb. 2020
Apr. 2020
June 2020
Aug. 2020
Oct. 2020
Dec. 2020
Feb. 2021
*Mountain View Rental Housing Helpline, Mar. 2021; ** CoStar, Mar. 2021; Disclaimer: Vacancy Rate data is for informational purposes only and not intended to be used as a benchmark for suspension of the CSFRA. See Section 1718 of the CSFRA for details; *** CoStar, Mar. 2021 Average Asking Rent (market rent rate).
3
Rent Stabilization Program Monthly Status Report FY 2020-21 (as of February 2021) Community Outreach and Education Information Requests and Public Inquiries*
576
Subset: COVID-19 Related
Public Inquiry Topics 161
Public Inquiries Made
73
98 91 62
68 62
Tenant: 418 | Landlord: 140 Other: 18
37
44 20 14
29
13
Bilingual Services (Spanish as Primary Language)
4
122 (21% of all inquires)
18
1 0
14
0 0
100
200
0
20
40
60
80
100
Workshops, Clinics and Outreach Community Workshops
Clinics
Outreach
20
31
Workshops
Clinics
166
23
Attendees
Attendees
3 Mailings
11 MV Voice Ads
23
550
Email Updates
Email Subscribers
Mediations and Conciliations The Mountain View Rental Housing Helpline and the Mountain View Mediation Program assist the Rent Stabilization Program by providing free mediation and conciliation services to landlords and tenants in Mountain View. These services help people come together to talk about and potentially solve their disputes in a controlled environment with the help of trained volunteer mediators. They help to resolve issues for rental properties in Mountain View, reducing the number of petitions filed with the City.
86 Mediations and Conciliations
75 of 86 Resolved (7 Pending)
Required Noticing Required Noticing
6
418
Banked Rent Increase Notices
Termination Notices
0
1
Tenant Buyout Notices
Additional Occupant Notices
Just Cause Eviction Submittals (as Received by the City) No-Fault Notices 200
At-Fault Notices 50
Withdrawal
Owner Move-in
100 50 0100
0000
0
0000
0000
100
0000
0000
0001
1000
Failure to Pay Rent
63
Criminal Activity
10 0
169
150
20
Demolition
183
Nuisance
30
Temporary Vacancy
200
Breach of Lease
40
150
Failure to Pay Rent Notices
50 12
Failure to Give Access
0
Tenant Relocation Assistance (Calendar Year) Properties in Redevelopment
Households that Received Assistance
Units Affected
7
5
5
1
0
339
126
297
4
0
115
143
60
53
10
2017
2018
2019
2020
2021
2017
2018
2019
2020
2021
2017
2018
2019
2020
2021
Rent Adjustment Petitions Prior Fiscal Years FY 2017/18
FY 2018/19
Landlord: 13 Tenant: 5
40
Current Fiscal Year Landlord: 1 Tenant: 11 (A:2, B:2, C:7)
FY 2019/20
Landlord: 3 Tenant: 49
Landlord Petitions: 0 Tenant Petitions: 20 (A: 1 , B: 19, C: 0)
30
36
FY 2017-18 FY 2018-19
30
FY 2019-20 20
25 20 FY 2020-21
15 10
8
10 3
0
FY 2020/21
0
0
5
5
6 3
3
5 0
2
2
0
2
0
1
5 0
7
7
5 1
0
0
0
2
Market Conditions Vacancy Rates** 0.4 0.35 0.3 0.25 0.2 0.15 0.1 0.05 0
Fully Covered Units after CSFRA Newly Built Units
27.7%
28.8%
10.4%
11.0% 9.0%
12.4% 10.4% 8.4%
4.9% 4.8%
Partially Covered Units
7.0%
All Units
3.0%
4.5%
5.0% 1.0% -1.0%
Fully Covered Units
Average Market Rent*** Fully Covered Units after CSFRA
5000 $4,123
Newly Built Units
$3,735
4000
$2,800
$3,661
3000 2000
Partially Covered Units
$2,686 $2,378
$2,373
$2,700 $2,600
$1,656
All Units
$1,631
$2,500
1000
$2,424 $2,378
$2,400 Fully Covered Units
$2,300 $2,200
45.8% increase
62.2% increase
54.3% increase
9.4% decrease
Fully Covered Units
All Units
Partially Covered Units
Newly Built Units
$2,100
Property Sales for Fully Covered Units Properties Sold 50 40 30 20 10 0
32
39 29
22
35
Units Sold
33 23
21
25
12 3
Properties for Sale
3
2000 16001213 1500 960 371 1000 505 356 308 592 257 500 221 128 0
Properties
89 Units
MNOI Consumer Price Indices For use in Calculations of Fair Return in Upward Adjustment of Rent Petitions and Compounded over Time 30% 25% 20% 15% 10%
15%
16%
12%
12%
7%
9%
18%
19%
13%
14%
15%
11%
11%
10%
19%
20% 16% 12%
21% 17% 12%
24%
26%
26%
25%
26%
26%
26%
26%
23%
25%
22%
22%
23%
23%
24%
17%
18%
19%
20%
22%
23%
20%
23%
19%
17%
17%
18%
13%
14%
14%
14%
15%
15%
21%
22%
16%
15%
16%
16%
CPI-Rent of Primary Residence CPI-Housing
CPI-All
5% 0%
Dec. 2017
Feb. 2018
Apr. 2018
June 2018
Aug. 2018
Oct. 2018
Dec. 2018
Feb. 2019
Apr. 2019
June 2019
Aug. 2019
Oct. 2019
Dec. 2019
Feb. 2020
Apr. 2020
June 2020
Aug. 2020
Oct. 2020
Dec. 2020
Feb. 2021
*Mountain View Rental Housing Helpline, Feb. 2021; ** CoStar, Feb. 2021; Disclaimer: Vacancy Rate data is for informational purposes only and not intended to be used as a benchmark for suspension of the CSFRA. See Section 1718 of the CSFRA for details; *** CoStar, Feb. 2021 Average Asking Rent (market rent rate).
3
Rent Stabilization Program Monthly Status Report FY 2020-21 (as of January 2021) Community Outreach and Education Information Requests and Public Inquiries*
499
Subset: COVID-19 Related
Public Inquiry Topics 137
Public Inquiries Made
61
82 79
55
65 51
Tenant: 358 | Landlord: 128 Other: 13
29
35 19 14
27
13
Bilingual Services (Spanish as Primary Language)
3
99 (20% of all inquires)
17
1 0
13
0 0
100
200
0
20
40
60
80
100
Workshops, Clinics and Outreach Community Workshops
Clinics
Outreach
15
26
Workshops
Clinics
146
21
Attendees
Attendees
3 Mailings
10 MV Voice Ads
15
550
Email Updates
Email Subscribers
Mediations and Conciliations The Mountain View Rental Housing Helpline and the Mountain View Mediation Program assist the Rent Stabilization Program by providing free mediation and conciliation services to landlords and tenants in Mountain View. These services help people come together to talk about and potentially solve their disputes in a controlled environment with the help of trained volunteer mediators. They help to resolve issues for rental properties in Mountain View, reducing the number of petitions filed with the City.
72 Mediations and Conciliations
62 of 72 Resolved (6 Pending)
Required Noticing Required Noticing
6
345
Banked Rent Increase Notices
Termination Notices
0
1
Tenant Buyout Notices
Additional Occupant Notices
Just Cause Eviction Submittals (as Received by the City) No-Fault Notices 200
At-Fault Notices 50
Withdrawal
Owner Move-in
100 50 0100
0000
0
0000
0000
150
0000
0000
0001
0000
Failure to Pay Rent
63
Criminal Activity
10 0
97
100
20
Demolition
183
Nuisance
30
Temporary Vacancy
200
Breach of Lease
40
150
Failure to Pay Rent Notices
50 12
Failure to Give Access
0
Tenant Relocation Assistance (Calendar Year) Properties in Redevelopment
Households that Received Assistance
Units Affected
7
5
5
1
0
339
126
297
4
0
115
143
60
53
1
2017
2018
2019
2020
2021
2017
2018
2019
2020
2021
2017
2018
2019
2020
2021
Rent Adjustment Petitions Prior Fiscal Years FY 2017/18
FY 2018/19
Landlord: 13 Tenant: 5
40
Current Fiscal Year Landlord: 1 Tenant: 11 (A:2, B:2, C:7)
FY 2019/20
Landlord: 3 Tenant: 49
Landlord Petitions: 0 Tenant Petitions: 20 (A: 1 , B: 19, C: 0)
30
36
FY 2017-18 FY 2018-19
30
FY 2019-20 20
25 20 FY 2020-21
15 10
8
10 3
0
FY 2020/21
0
0
5
5
6 3
3
5 0
2
2
0
2
0
1
5 0
7
7
5 1
0
0
0
2
Market Conditions Vacancy Rates** 40.0% 35.0% 30.0% 25.0% 20.0% 15.0% 10.0% 5.0% 0.0%
Fully Covered Units after CSFRA Newly Built Units
31.4% 28.8%
10.5%
11.0% 9.0%
13.0% 10.5% 8.6%
4.9% 4.8%
Partially Covered Units
7.0%
All Units
3.0%
4.5%
5.0% 1.0% -1.0%
Fully Covered Units
Average Market Rent*** Fully Covered Units after CSFRA
$5,000 $4,123
Newly Built Units
$3,739
$4,000
$3,616
$3,000 $2,000
Partially Covered Units
$2,682 $2,377
$2,373
$2,800 $2,700 $2,600
$1,656
All Units
$1,631
$2,500
$1,000
$2,424 $2,377
$2,400 Fully Covered Units
$2,300 $2,200
45.7% increase
62% increase
52.4% increase
9.3% decrease
Fully Covered Units
All Units
Partially Covered Units
Newly Built Units
$2,100
Property Sales for Fully Covered Units Properties Sold 50 40 30 20 10 0
32
39 29
22
35
Units Sold
33 23
21
25
12 2
Properties for Sale
5
2000 16001213 1500 960 371 1000 505 356 308 591 257 500 221 120 0
Properties
113 Units
MNOI Consumer Price Indices For use in Calculations of Fair Return in Upward Adjustment of Rent Petitions and Compounded over Time 30% 25% 20% 15% 10%
15%
16%
12%
12%
7%
9%
18%
19%
13%
14%
15%
11%
11%
10%
19%
20% 16% 12%
21% 17% 12%
24%
26%
26%
25%
26%
21%
22%
23%
25%
22%
20%
20%
22%
23%
23%
17%
19%
19%
22%
18%
13%
14%
14%
14%
15%
15%
16%
15%
16%
16%
26%
26%
23%
23%
17%
17%
CPI-Rent of Primary Residence CPI-Housing
CPI-All
5% 0%
Dec. 2017
Feb. 2018
Apr. 2018
June 2018
Aug. 2018
Oct. 2018
Dec. 2018
Feb. 2019
Apr. 2019
June 2019
Aug. 2019
Oct. 2019
Dec. 2019
Feb. 2020
Apr. 2020
June 2020
Aug. 2020
Oct. 2020
Dec. 2020
*Mountain View Rental Housing Helpline, Jan. 2021; ** CoStar, Jan. 2021; Disclaimer: Vacancy Rate data is for informational purposes only and not intended to be used as a benchmark for suspension of the CSFRA. See Section 1718 of the CSFRA for details; *** CoStar, Jan. 2021 Average Asking Rent (market rent rate).
3
Rent Stabilization Program Monthly Status Report FY 2020-21 (as of December 2020) Community Outreach and Education Information Requests and Public Inquiries*
436
Subset: COVID-19 Related
Public Inquiry Topics 114
Public Inquiries Made
52
79 71
44
57
Tenant: 316 | Landlord: 108 Other: 12
43
28
27 18
27
13
Bilingual Services (Spanish as Primary Language)
11
86 (20% of all inquires)
16
3 0
11
0 0
100
200
0
20
40
60
80
100
Workshops, Clinics and Outreach Community Workshops
Clinics
Outreach
14
23
Workshops
Clinics
120
19
Attendees
Attendees
3 Mailings
9 MV Voice Ads
14
550
Email Updates
Email Subscribers
Mediations and Conciliations The Mountain View Rental Housing Helpline and the Mountain View Mediation Program assist the Rent Stabilization Program by providing free mediation and conciliation services to landlords and tenants in Mountain View. These services help people come together to talk about and potentially solve their disputes in a controlled environment with the help of trained volunteer mediators. They help to resolve issues for rental properties in Mountain View, reducing the number of petitions filed with the City.
62 Mediations and Conciliations
50 of 62 Resolved (8 Pending)
Required Noticing Required Noticing
6
248
Banked Rent Increase Notices
Termination Notices
0
1
Tenant Buyout Notices
Additional Occupant Notices
Just Cause Eviction Submittals (as Received by the City) No-Fault Notices 200
At-Fault Notices 50
Withdrawal
Owner Move-in
100 50 8
0
000
0000
0100
0000
150 100
20 10
Demolition
183
169
Nuisance
30
Temporary Vacancy
200
Breach of Lease
40
150
Failure to Pay Rent Notices
3
0
000
0000
0000
0001
Failure to Pay Rent
63
Criminal Activity
50 12
Failure to Give Access
0
Tenant Relocation Assistance (Calendar Year) Properties in Redevelopment
Households that Received Assistance
Units Affected
7
7
5
5
1
154
339
126
297
4
53
115
143
60
53
2016
2017
2018
2019
2020
2016
2017
2018
2019
2020
2016
2017
2018
2019
2020
Rent Adjustment Petitions Prior Fiscal Years FY 2017/18
FY 2018/19
Landlord: 13 Tenant: 5
40
Current Fiscal Year Landlord: 1 Tenant: 11 (A:2, B:2, C:7)
FY 2019/20
Landlord: 3 Tenant: 49
FY 2017-18 FY 2018-19 FY 2019-20
20
25 20
10
8 3 0
0
5
FY 2020-21
15
15
10
Landlord Petitions: 0 Tenant Petitions: 20 (A: 1 , B: 19, C: 0)
30
36
30
0
FY 2020/21
5
6 3
3
5 0
2
2
0
2
0
1
5 0
5 0
0
0
0
0
2
Market Conditions Vacancy Rates** 0.4 0.35 0.3 0.25 0.2 0.15 0.1 0.05 0
Fully Covered Units after CSFRA
37.5%
Newly Built Units
28.8%
8.0%
Partially Covered Units
12.4% 10.6% 10.0%
10.0%
10.0%
6.0%
4.6%
4.0%
4.9%
All Units
4.8%
2.0% 0.0%
Fully Covered Units
Average Market Rent*** Fully Covered Units after CSFRA
5000 Newly Built Units
$4,123
4000
$3,581 $3,619
3000 2000
Partially Covered Units
$2,656 $2,371
$2,373
$2,800 $2,700 $2,600
$1,656
All Units
$1,631
$2,500
1000
$2,437 $2,371
$2,400 Fully Covered Units
$2,300 $2,200
45.4% increase
60.4% increase
50.9% increase
12.2% decrease
Fully Covered Units
All Units
Partially Covered Units
Newly Built Units
$2,100
Property Sales for Fully Covered Units Properties Sold 50 40 30 20 10 0
32
39 29
22
35
Units Sold
33 23
21
25
12 2
Properties for Sale
6
2000 16001213 1500 960 371 1000 505 356 308 591 257 500 221 120 0
Properties
97 Units
MNOI Consumer Price Indices For use in Calculations of Fair Return in Upward Adjustment of Rent Petitions and Compounded over Time 30% 25% 20% 15% 10%
15%
16%
12%
12%
7%
9%
18%
19%
13%
14%
15%
11%
11%
10%
19%
20% 16% 12%
21% 17% 12%
24%
26%
26%
25%
26%
21%
22%
23%
25%
22%
20%
20%
22%
23%
23%
17%
19%
19%
22%
18%
13%
14%
14%
14%
15%
15%
16%
15%
16%
16%
26%
26%
23%
23%
17%
17%
CPI-Rent of Primary Residence CPI-Housing
CPI-All
5% 0%
Dec. 2017
Feb. 2018
Apr. 2018
June 2018
Aug. 2018
Oct. 2018
Dec. 2018
Feb. 2019
Apr. 2019
June 2019
Aug. 2019
Oct. 2019
Dec. 2019
Feb. 2020
Apr. 2020
June 2020
Aug. 2020
Oct. 2020
Dec. 2020
*Mountain View Rental Housing Helpline, Dec. 2020; ** CoStar, Dec. 2020; Disclaimer: Vacancy Rate data is for informational purposes only and not intended to be used as a benchmark for suspension of the CSFRA. See Section 1718 of the CSFRA for details; *** CoStar, Dec. 2020 Average Asking Rent (market rent rate).
3
Rent Stabilization Program Monthly Status Report FY 2020-21 (as of November 2020) Community Outreach and Education Information Requests and Public Inquiries*
390
Subset: COVID-19 Related
Public Inquiry Topics 121
Public Inquiries Made
46
70 64
36
51
Tenant: 284 | Landlord: 96 Other: 10
39
24
18 13
24
11
Bilingual Services (Spanish as Primary Language)
3
77
0
(20% of all inquires)
0
15
0
7
0
100
200
0
20
40
60
80
100
Workshops, Clinics and Outreach Community Workshops
Clinics
Outreach
10
18
Workshops
Clinics
71
19
Attendees
Attendees
2 Mailings
6 MV Voice Ads
9
556
Email Updates
Email Subscribers
Mediations and Conciliations The Mountain View Rental Housing Helpline and the Mountain View Mediation Program assist the Rent Stabilization Program by providing free mediation and conciliation services to landlords and tenants in Mountain View. These services help people come together to talk about and potentially solve their disputes in a controlled environment with the help of trained volunteer mediators. They help to resolve issues for rental properties in Mountain View, reducing the number of petitions filed with the City.
57 Mediations and Conciliations
45 of 57 Resolved (9 Pending)
Required Noticing Required Noticing
6
183
Banked Rent Increase Notices
Termination Notices
0
1
Tenant Buyout Notices
Additional Occupant Notices
Just Cause Eviction Submittals (as Received by the City) No-Fault Notices 200
At-Fault Notices 50
Withdrawal
Owner Move-in
100 50 8
0
000
0000
0100
0000
150
Demolition
118
100
20 10
169
Nuisance
30
Temporary Vacancy
200
Breach of Lease
40
150
Failure to Pay Rent Notices
3
0
000
0000
0000
0001
Failure to Pay Rent
63
Criminal Activity
50 12
Failure to Give Access
0
Tenant Relocation Assistance (Calendar Year) Properties in Redevelopment
Households that Received Assistance
Units Affected
7
7
5
5
1
154
339
126
297
4
53
115
143
60
49
2016
2017
2018
2019
2020
2016
2017
2018
2019
2020
2016
2017
2018
2019
2020
Rent Adjustment Petitions Prior Fiscal Years FY 2017/18
FY 2018/19
Landlord: 13 Tenant: 5
40
Current Fiscal Year Landlord: 1 Tenant: 11 (A:2, B:2, C:7)
FY 2019/20
Landlord: 3 Tenant: 49
FY 2017-18 FY 2018-19 FY 2019-20
20
25 20
10
8 3 0
0
5
FY 2020-21
15
15
10
Landlord Petitions: 0 Tenant Petitions: 20 (A: 1 , B: 19, C: 0)
30
36
30
0
FY 2020/21
5
6 3
3
5 0
2
2
0
2
0
1
5 0
5 0
0
0
0
0
2
Market Conditions Vacancy Rates** 0.35
Fully Covered Units after CSFRA
31.3%
0.3
Newly Built Units
28.8%
0.25
11.5% 9.4% 9.3%
0.15 0.1 0.05 0
9.3%
10.0%
0.2
8.0%
Partially Covered Units
6.0%
4.6%
4.0%
4.9%
All Units
4.8%
2.0% 0.0%
Fully Covered Units
Average Market Rent*** Fully Covered Units after CSFRA
5000 Newly Built Units
$4,123
4000
$3,605
$2,800
$3,689
3000 2000
Partially Covered Units
$2,682 $2,394
$2,373 $1,656
$2,700 $2,600
All Units
$1,631
1000
$2,500
$2,437 $2,394
Fully Covered Units
$2,400 $2,300
46.8% increase
61.9% increase
51.9% increase
10.5% decrease
Fully Covered Units
All Units
Partially Covered Units
Newly Built Units
$2,200
Property Sales for Fully Covered Units Properties Sold 50 40 30 20 10 0
32
39 29
22
35
Units Sold
33 23
21
25
12 1
Properties for Sale
7
2000 16001213 1500 960 371 1000 505 356 308 580 257 500 221 4 0
Properties
105 Units
MNOI Consumer Price Indices For use in Calculations of Fair Return in Upward Adjustment of Rent Petitions and Compounded over Time 30% 25% 20% 15% 10%
15%
16%
12%
12%
7%
9%
18%
19%
13%
14%
15%
11%
11%
10%
19%
20% 16% 12%
21% 17% 12%
24%
26%
26%
25%
26%
21%
22%
23%
25%
22%
20%
20%
22%
23%
23%
17%
19%
19%
22%
18%
13%
14%
14%
14%
15%
15%
16%
15%
16%
16%
26% 23% 17%
CPI-Rent of Primary Residence CPI-Housing
CPI-All
5% 0%
Dec. 2017
Feb. 2018
Apr. 2018
June 2018
Aug. 2018
Oct. 2018
Dec. 2018
Feb. 2019
Apr. 2019
June 2019
Aug. 2019
Oct. 2019
Dec. 2019
Feb. 2020
Apr. 2020
June 2020
Aug. 2020
Oct. 2020
*Mountain View Rental Housing Helpline, Nov. 2020; ** CoStar, Nov. 2020; Disclaimer: Vacancy Rate data is for informational purposes only and not intended to be used as a benchmark for suspension of the CSFRA. See Section 1718 of the CSFRA for details; *** CoStar, Nov. 2020 Average Asking Rent (market rent rate).
3
Rent Stabilization Program Monthly Status Report FY 2020-21 (as of October 2020) Community Outreach and Education Information Requests and Public Inquiries*
334
Subset: COVID-19 Related
Public Inquiry Topics 99
Public Inquiries Made
41
58 57
32
46
Tenant: 243 | Landlord: 82 Other: 9
35
20
15 13
19
9
Bilingual Services (Spanish as Primary Language)
2
70
0
(21% of all inquires)
0
14
0
6
0
100
200
0
20
40
60
80
100
Workshops, Clinics and Outreach Community Workshops
Clinics
Outreach
8
7
Workshops
Clinics
59
18
Attendees
Attendees
1 Mailings
5 MV Voice Ads
6 MyMV Updates
535 MyMV Subscribers
Mediations and Conciliations The Mountain View Rental Housing Helpline and the Mountain View Mediation Program assist the Rent Stabilization Program by providing free mediation and conciliation services to landlords and tenants in Mountain View. These services help people come together to talk about and potentially solve their disputes in a controlled environment with the help of trained volunteer mediators. They help to resolve issues for rental properties in Mountain View, reducing the number of petitions filed with the City.
54 Mediations and Conciliations
39 of 54 Resolved (10 Pending)
Required Noticing Required Noticing
6
130
Banked Rent Increase Notices
Termination Notices
0
1
Tenant Buyout Notices
Additional Occupant Notices
Just Cause Eviction Submittals (as Received by the City) No-Fault Notices 200
At-Fault Notices 50
Withdrawal
Owner Move-in
100 50 8
0
000
0000
0100
0000
150 100
20 10
Demolition
169
Nuisance
30
Temporary Vacancy
200
Breach of Lease
40
150
Failure to Pay Rent Notices
3
0
000
0000
0000
0000
Failure to Pay Rent
66
63
Criminal Activity
50 12
Failure to Give Access
0
Tenant Relocation Assistance (Calendar Year) Properties in Redevelopment
Households that Received Assistance
Units Affected
7
7
5
5
1
154
339
126
297
4
53
115
143
60
48
2016
2017
2018
2019
2020
2016
2017
2018
2019
2020
2016
2017
2018
2019
2020
Rent Adjustment Petitions Prior Fiscal Years FY 2017/18
FY 2018/19
Landlord: 13 Tenant: 5
40
Current Fiscal Year Landlord: 1 Tenant: 11 (A:2, B:2, C:7)
FY 2019/20
Landlord: 3 Tenant: 49
FY 2017-18 FY 2018-19 FY 2019-20
20
25 20
10
8 3 0
0
5
FY 2020-21
14
15
10
Landlord Petitions: 0 Tenant Petitions: 18 (A: 1 , B: 17, C: 0)
30
36
30
0
FY 2020/21
5
6 3
3
5 0
2
2
0
2
0
1
5 0
4 0
0
0
0
0
2
Market Conditions Vacancy Rates** 0.35
Fully Covered Units after CSFRA
31.3%
0.3
Newly Built Units
28.8%
0.25
11.5% 9.3% 9.0%
0.15 0.1 0.05 0
9.0%
10.0%
0.2
8.0%
Partially Covered Units
6.0%
4.6%
4.0%
4.9%
All Units
4.8%
2.0% 0.0%
Fully Covered Units
Average Market Rent*** Fully Covered Units after CSFRA
5000 Newly Built Units
$4,123 $3,633
4000
$2,750
$3,646
3000 2000
$2,700
Partially Covered Units
$2,690 $2,409
$2,373
$2,650 $2,600
$1,656
All Units
$1,631
$2,550
1000
$2,500
$2,437 $2,409
$2,450
Fully Covered Units
$2,400 $2,350
47.7% increase
62.4% increase
53.1% increase
11.6% decrease
Fully Covered Units
All Units
Partially Covered Units
Newly Built Units
$2,300 $2,250
Property Sales for Fully Covered Units Properties Sold 50 40 30 20 10 0
32
39 29
22
35
Units Sold
33 23
21
25
12 1
Properties for Sale
7
2000 16001213 1500 960 371 1000 505 356 308 580 257 500 221 4 0
Properties
105 Units
MNOI Consumer Price Indices For use in Calculations of Fair Return in Upward Adjustment of Rent Petitions and Compounded over Time 30% 25% 20% 15% 10%
15%
16%
12%
12%
7%
9%
18%
19%
13%
14%
15%
11%
11%
10%
19%
20% 16% 12%
21% 17% 12%
24%
26%
26%
25%
26%
21%
22%
23%
25%
22%
20%
20%
22%
23%
23%
17%
19%
19%
22%
18%
13%
14%
14%
14%
15%
15%
16%
15%
16%
16%
26% 23% 17%
CPI-Rent of Primary Residence CPI-Housing
CPI-All
5% 0%
Dec. 2017
Feb. 2018
Apr. 2018
June 2018
Aug. 2018
Oct. 2018
Dec. 2018
Feb. 2019
Apr. 2019
June 2019
Aug. 2019
Oct. 2019
Dec. 2019
Feb. 2020
Apr. 2020
June 2020
Aug. 2020
Oct. 2020
*Mountain View Rental Housing Helpline, Oct. 2020; ** CoStar, Oct. 2020; Disclaimer: Vacancy Rate data is for informational purposes only and not intended to be used as a benchmark for suspension of the CSFRA. See Section 1718 of the CSFRA for details; *** CoStar, Oct. 2020 Average Asking Rent (market rent rate).
3
Rent Stabilization Program Monthly Status Report FY 2020-21 (as of September 2020) Community Outreach and Education Information Requests and Public Inquiries*
272
Subset: COVID-19 Related
Public Inquiry Topics 80
Public Inquiries Made
34
47 45
26
43
Tenant: 198 | Landlord: 68 Other: 6
30
17
13 7
16
7
Bilingual Services (Spanish as Primary Language)
1
51
0
(19% of all inquires)
0
14
0
5
0
100
200
0
20
40
60
80
100
Workshops, Clinics and Outreach Community Workshops
Clinics
Outreach
6
5
Workshops
Clinics
49
16
Attendees
Attendees
1 Mailings
4 MV Voice Ads
5 MyMV Updates
417 MyMV Subscribers
Mediations and Conciliations The Mountain View Rental Housing Helpline and the Mountain View Mediation Program assist the Rent Stabilization Program by providing free mediation and conciliation services to landlords and tenants in Mountain View. These services help people come together to talk about and potentially solve their disputes in a controlled environment with the help of trained volunteer mediators. They help to resolve issues for rental properties in Mountain View, reducing the number of petitions filed with the City.
35 Mediations and Conciliations
19 of 35 Resolved (11 Pending)
Required Noticing Required Noticing
6
64
Banked Rent Increase Notices
Termination Notices
0
1
Tenant Buyout Notices
Additional Occupant Notices
Just Cause Eviction Submittals (as Received by the City) No-Fault Notices 200
At-Fault Notices 50
Withdrawal 115
Owner Move-in
100 50 8
000
0
000
0100
0000
Demolition
169
150 100
20 10
190
Nuisance
30
Temporary Vacancy
200
Breach of Lease
40
150
Failure to Pay Rent Notices
3
0
000
3
000
0000
0000
Failure to Pay Rent
63
Criminal Activity
50 12
Failure to Give Access
0
Tenant Relocation Assistance (Calendar Year) Properties in Redevelopment
Households that Received Assistance
Units Affected
7
7
5
5
1
154
339
126
297
4
53
115
143
60
43
2016
2017
2018
2019
2020
2016
2017
2018
2019
2020
2016
2017
2018
2019
2020
Rent Adjustment Petitions Prior Fiscal Years FY 2017/18
FY 2018/19
Landlord: 13 Tenant: 5
40
Current Fiscal Year Landlord: 1 Tenant: 11 (A:2, B:2, C:7)
FY 2019/20
Landlord: 3 Tenant: 49
FY 2020/21
Landlord Petitions: 0 Tenant Petitions: 5 (A: 1 , B: 4, C: 0)
10
36
FY 2017-18 FY 2018-19
30
FY 2019-20 20
FY 2020-21
5 3 8
10 3
0
0
0
5
5
2
6 3
3
5 0
2
2
0
2
0
1
0
0
0
0
0
0
2
Market Conditions Vacancy Rates** 35.0%
Fully Covered Units after CSFRA
32.1%
30.0%
Newly Built Units
28.8%
25.0%
10.0%
20.0% 15.0% 10.0% 5.0% 0.0%
Partially Covered Units
10.4% 8.5% 7.6%
4.9%
7.6%
8.0% 6.0%
4.6%
4.0% All Units
4.8%
2.0% 0.0%
Fully Covered Units
Average Market Rent*** Fully Covered Units after CSFRA
$5,000 Newly Built Units
$4,123 $3,650
$4,000
$2,750
$3,648
$3,000 $2,000
Partially Covered Units
$2,691 $2,408
$2,373
$2,700 $2,650 $2,600
$1,656
All Units
$1,631
$2,550
$1,000
$2,500 Fully Covered Units
$2,437
$2,408
$2,450 $2,400 $2,350
47.6% increase
62.5% increase
53.8% increase
11.5% decrease
Fully Covered Units
All Units
Partially Covered Units
Newly Built Units
$2,300 $2,250
Property Sales for Fully Covered Units Properties Sold 50 40 30 20 10 0
32
39 29
22
35
Units Sold
33 23
21
25
12 1
Properties for Sale
7
2000 16001213 1500 960 371 1000 505 356 308 580 257 500 221 4 0
Properties
105 Units
MNOI Consumer Price Indices For use in Calculations of Fair Return in Upward Adjustment of Rent Petitions and Compounded over Time 30% 25% 20% 15% 10%
15%
16%
12%
12%
7%
9%
18%
19%
13%
14%
15%
11%
11%
10%
19%
20% 16% 12%
21% 17% 12%
24%
26%
26%
25%
26%
21%
22%
23%
25%
22%
20%
20%
22%
23%
23%
17%
19%
19%
22%
18%
14%
15%
15%
16%
14%
15%
16%
14%
16%
13%
CPI-Rent of Primary Residence CPI-Housing
CPI-All
5% 0%
Dec. 2017
Feb. 2018
Apr. 2018
June 2018
Aug. 2018
Oct. 2018
Dec. 2018
Feb. 2019
Apr. 2019
June 2019
Aug. 2019
Oct. 2019
Dec. 2019
Feb. 2020
Apr. 2020
June 2020
Aug. 2020
*Mountain View Rental Housing Helpline, Sept. 2020; ** CoStar, Sept. 2020; Disclaimer: Vacancy Rate data is for informational purposes only and not intended to be used as a benchmark for suspension of the CSFRA. See Section 1718 of the CSFRA for details; *** CoStar, Sept. 2020 Average Asking Rent (market rent rate).
3
Rent Stabilization Program Monthly Status Report FY 2020-21 (as of August 2020)
Community Outreach and Education Information Requests and Public Inquiries*
197
Public Inquiry Topics
Subset: COVID-19 Related
63
Public Inquiries Made
23
37 34
21
27 15
Tenant: 143 | Landlord: 49 Other: 5
12
11 7
12
3
Bilingual Services (Spanish as Primary Language)
0
34 (17% of all inquires)
8
0 0 4
0 0
100
200
0
20
40
60
80
100
Workshops, Clinics and Outreach Community Workshops
Clinics
Outreach
3
4
Workshops
Clinics
26
11
Attendees
Attendees
0 Mailings
3 MV Voice Ads
4 MyMV Updates
415 MyMV Subscribers
Mediations and Conciliations The Mountain View Rental Housing Helpline and the Mountain View Mediation Program assist the Rent Stabilization Program by providing free mediation and conciliation services to landlords and tenants in Mountain View. These services help people come together to talk about and potentially solve their disputes in a controlled environment with the help of trained volunteer mediators. They help to resolve issues for rental properties in Mountain View, reducing the number of petitions filed with the City.
21 Mediations and Conciliations
10 of 21 Resolved (9 Pending)
Required Noticing Required Noticing
0
0
12
Banked Rent Increase Notices
1
Tenant Buyout Notices
Termination Notices
Additional Occupant Notices
Just Cause Eviction Submittals (as Received by the City) No-Fault Notices 200
At-Fault Notices 50
Withdrawal 115
Owner Move-in
100 50 8
000
0
000
0100
0000
Demolition
169
100
20 10
190
150
Nuisance
30
Temporary Vacancy
200
Breach of Lease
40
150
Failure to Pay Rent Notices
3
0
000
3
Criminal Activity 000
0000
0000
Failure to Pay Rent
50 12
Failure to Give Access
11
0
Tenant Relocation Assistance (Calendar Year) Properties in Redevelopment
Households that Received Assistance
Units Affected
7
7
5
5
1
154
339
126
297
4
53
115
143
60
42
2016
2017
2018
2019
2020
2016
2017
2018
2019
2020
2016
2017
2018
2019
2020
Rent Adjustment Petitions Prior Fiscal Years FY 2017/18
FY 2018/19
Landlord: 13 Tenant: 5
40
Current Fiscal Year Landlord: 1 Tenant: 11 (A:2, B:2, C:7)
FY 2019/20
Landlord: 3 Tenant: 49
36
FY 2017-18
FY 2020/21
Landlord Petitions: 0 Tenant Petitions: 4 (A: 1 , B: 3, C: 0)
10
FY 2018-19
30
FY 2019-20 20
5 8
10 3
0
0
0
5
5
6 3
3
FY 2020-21 4
5 0
2
2
0
2
0
1
0
0
0
0
0
0
0
2
Market Conditions Vacancy Rates** 30.0%
Fully Covered Units after CSFRA
28.4%
28.8%
25.0%
Newly Built Units
20.0% 15.0%
5.0%
Partially Covered Units
9.6% 8.4%
10.0%
7.2%
4.9%
10.0%
7.2%
8.0% 6.0%
4.6%
4.0%
4.8%
All Units
0.0%
2.0% 0.0%
Fully Covered Units
Average Market Rent*** Fully Covered Units after CSFRA
$5,000 $4,123
$4,000
$3,931 $3,723
$3,000
$2,750
Partially Covered Units
$2,740 $2,432
$2,373
$2,000
Newly Built Units
$2,700 $2,650 $2,600
$1,656
All Units
$1,631
$2,550
$1,000
$2,500 Fully Covered Units
49.1% increase
65.6% increase
56.9% increase
4.7% decrease
Fully Covered Units
All Units
Partially Covered Units
Newly Built Units
$2,450
$2,437
$2,432
$2,400 $2,350 $2,300 $2,250
Property Sales for Fully Covered Units Properties Sold 50 40 30 20 10 0
32
29
39 22
35
21
33
Units Sold 23
25
12 1
2000 1500 1000 500 0
Properties for Sale
4
16001213
257
505
960 356
371 221
308
Properties
580
4
72 Units
MNOI Consumer Price Indices For use in Calculations of Fair Return in Upward Adjustment of Rent Petitions and Compounded over Time 30% 25% 20% 15% 10%
15%
16%
12%
12%
7%
9%
19%
13%
14%
15%
11%
11%
12%
June 2018
Aug. 2018
Oct. 2018
10%
19%
20%
18%
16%
21% 17% 12%
24%
26%
26%
25%
26%
21%
22%
23%
25%
22%
20%
20%
23%
23%
17%
19%
22%
19%
22%
18% 14%
14%
14%
15%
15%
16%
15%
16%
16%
13%
CPI-Rent of Primary Residence CPI-Housing CPI-All
5% 0%
Dec. 2017
Feb. 2018
Apr. 2018
Dec. 2018
Feb. 2019
Apr. 2019
June 2019
Aug. 2019
Oct. 2019
Dec. 2019
Feb. 2020
Apr. 2020
June 2020
Aug. 2020
*Mountain View Rental Housing Helpline, Aug. 2020; ** CoStar, Aug. 2020; Disclaimer: Vacancy Rate data is for informational purposes only and not intended to be used as a benchmark for suspension of the CSFRA. See Section 1718 of the CSFRA for details; *** CoStar, Aug. 2020 Average Asking Rent (market rent rate).
3
Rent Stabilization Program Monthly Status Report FY 2020-21 (as of July 2020) Community Outreach and Education Information Requests and Public Inquiries* Public Inquiry Topics
Subset: COVID-19 Related
32
14
23 17
8
11
95
6
8
3
Public Inquiries Made
2
4
1
Bilingual Services
18
(Spanish as Primary Language)
(19% of all inquires)
0
3
0 0
2
0 0
100
200
0
20
40
60
80
100
Workshops, Clinics and Outreach Community Workshops
Clinics
Outreach
2
2
Workshops
Clinics
20
2
Attendees
Attendees
0 Mailings
2 MV Voice Ads
3 MyMV Updates
413 MyMV Subscribers
Mediations and Conciliations The Mountain View Rental Housing Helpline and the Mountain View Mediation Program assist the Rent Stabilization Program by providing free mediation and conciliation services to landlords and tenants in Mountain View. These services help people come together to talk about and potentially solve their disputes in a controlled environment with the help of trained volunteer mediators. They help to resolve issues for rental properties in Mountain View, reducing the number of petitions filed with the City.
18 Mediations and Conciliations
6 of 18 Resolved
Required Noticing Required Noticing
0
0
9
Banked Rent Increase Notices
Termination Notices
1
Tenant Buyout Notices
Additional Occupant Notices
Just Cause Eviction Submittals (as Received by the City) No-Fault Notices 200
At-Fault Notices 50
Withdrawal 115
Owner Move-in
100 50 8
0
0
0
0
0
Demolition
169
150 100
20 10
190
Nuisance
30
Temporary Vacancy
200
Breach of Lease
40
150
Failure to Pay Rent Notices
Criminal Activity 3
Failure to Pay Rent
50
3
12
Failure to Give Access
0
9
0
Tenant Relocation Assistance (Calendar Year) Properties in Redevelopment
Households that Received Assistance
Units Affected
7
7
5
5
1
154
339
126
297
4
53
115
143
60
40
2016
2017
2018
2019
2020
2016
2017
2018
2019
2020
2016
2017
2018
2019
2020
Rent Adjustment Petitions Prior Fiscal Years FY 2017/18
FY 2018/19
Landlord: 13 Tenant: 5
40
Current Fiscal Year Landlord: 1 Tenant: 11 (A:2, B:2, C:7)
FY 2019/20
Landlord: 3 Tenant: 49
FY 2020/21
Landlord Petitions: 0 Tenant Petitions: 1 (A: 1 , B: 0, C: 0)
10
36
FY 2017-18 FY 2018-19
30
FY 2019-20 20 8
10 3
0
FY 2020-21
5
0
0
5
5
6 3
3
5 0
2
2
0
2
1 0
1
0
0
0
0
0
0
0
2
Market Conditions Vacancy Rates** 30.0%
Fully Covered Units after CSFRA
29.1%
28.8%
25.0%
Newly Built Units
20.0% 15.0%
5.0%
Partially Covered Units
8.9% 7.0%
10.0%
10.0%
6.1%
4.9%
8.0%
6.1%
6.0%
4.6%
4.0%
4.8%
All Units
0.0%
2.0% 0.0%
Fully Covered Units
Average Market Rent*** Fully Covered Units after CSFRA
$5,000 $4,123
$4,020
$4,000
$3,780
$3,000
$2,750
Partially Covered Units
$2,809 $2,531
$2,373
$2,000
Newly Built Units
$2,700 $2,650 $2,600
$1,656
All Units
$1,631
$2,531
$2,550
$1,000
$2,500 Fully Covered Units
$2,437
$2,450 $2,400 $2,350
55.2% increase
69.6% increase
59.3% increase
2.5% decrease
Fully Covered Units
All Units
Partially Covered Units
Newly Built Units
$2,300 $2,250
Property Sales for Fully Covered Units Properties Sold 50 40 30 20 10 0
32
39 29
22
35
Units Sold
33 23
21
24
10 0
Properties for Sale
2000 16001213 1500 960 371 1000 505 356 257 500 221 97 0
5 Properties
0558
81 Units
MNOI Consumer Price Indices For use in Calculations of Fair Return in Upward Adjustment of Rent Petitions and Compounded over Time 30% 25% 20% 15% 10%
15%
16%
12%
12%
7%
9%
18%
19%
13%
14%
15%
11%
11%
10%
19%
20% 16% 12%
21% 17% 12%
24%
25%
21%
22%
22%
23%
19%
19%
20%
20%
17%
18%
13%
14%
14%
14%
15%
15%
26%
26%
25%
22%
22%
23%
16%
15%
16%
CPI-Rent of Primary Residence CPI-Housing
CPI-All
5% 0%
Dec. 2017
Feb. 2018
Apr. 2018
June 2018
Aug. 2018
Oct. 2018
Dec. 2018
Feb. 2019
Apr. 2019
June 2019
Aug. 2019
Oct. 2019
Dec. 2019
Feb. 2020
Apr. 2020
June 2020
*Mountain View Rental Housing Helpline, July 2020; ** CoStar, July 2020; Disclaimer: Vacancy Rate data is for informational purposes only and not intended to be used as a benchmark for suspension of the CSFRA. See Section 1718 of the CSFRA for details; *** CoStar, July 2020 Average Asking Rent (market rent rate).
3