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Wrapping Up 2024: Challenges, Changes & Community Highlights
Hey there, Tenants!
As we step into the final days of 2024, we hope your holidays have been warm and restful. This season of reflection brings with it a chance to assess the challenges renters faced this year and prepare for the opportunities ahead. In this week’s edition—our last article of the year—we’ll address looming rent increases, highlight new proposals for pet protections, and shine a light on an organization redefining financial inclusivity in our community.
Big News: Rent Hikes Are Around the Corner 🚨
The new year brings unwelcome news for many Los Angeles renters: rent increases of up to 6% are set to take effect on February 1, 2025. Delayed action by the L.A. City Council to revise rent control formulas means landlords can raise rents under the outdated rules—up to 4%, with an additional 2% if utilities are covered like one retiree on a fixed income, these increases are another financial strain:
“Merry Christmas — here’s one more thing we have to look forward to.”
What can you do?
Review your lease for upcoming rent changes and verify if they comply with local limits.
Stay informed: Council members are expected to revisit this issue in early 2025, with tenant advocates pushing for stricter caps.
Plan ahead: Explore budgeting strategies and look into rent assistance resources to prepare for any increases.
New Protections for Pet Owners 🐾
If you’re a renter with furry family members, good news may be on the horizon! The L.A. County Board of Supervisors is exploring new rules to prevent landlords from banning pets in rent-controlled units .
Key aspects of the proposal:
Allow at least one pet per household.
Limit or ban extra fees for pets, making it more affordable to keep them.
Prohibit weight limits, ensuring even larger pets can stay.
Why it matters: Housing restrictions are one of the top reasons pets are surrendered to overcrowded shelters. These protections aim to address that while making it easier for renters to find pet-friendly housing.
While this proposal is still in its early stages, it’s a promising step for tenants and their four-legged friends.
Community Spotlight: Pasadena Federal Credit Union 💡
This week, we’re shining a spotlight on Pasadena Federal Credit Union (PFCU), a trailblazer in inclusive finance for the San Gabriel Valley .
PFCU’s mission is dee in community, with initiatives like:
Partnering with local schools to mentor students on financial literacy.
Supporting nonprofits like LIFT-LA, which provide entrepreneurial training.
Ensuring accessibility by offering Spanish-language services and bilingual staff.
CEO James Chang highlights their approach:
“We’re not here to just earn a living. I consider myself not only a leader of the Credit Union but also a leader within the community.”
As we enter 2025, PFCU plans to expand its impact even further, proving that financial institutions can be forces for good.
Learn more about their work here.
Closing Thoughts
As we wrap up 2024, we want to take a moment to express our deepest gratitude to all our readers and supporters. This year, The Tenure View has grown into a trusted resource for renters, and that’s all thanks to you—our incredible community.
Looking ahead to 2025, here’s what you can expect from us:
Even more actionable advice to help you navigate renting with confidence.
New digital tools designed to empower renters and protect your rights.
Deeper community engagement, including partnerships with advocacy groups and more spotlight stories showcasing tenant wins.
Your support inspires us to keep striving for fairer, more equitable housing solutions. From all of us at The Tenure View, thank you for being part of this journey.
Here’s to a brighter 2025! 🏡
The Tenure View Team
P.S. Don’t forget to share this newsletter with fellow renters—it might just be the resource they need to start the new year strong!
