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Santa Barbara is becoming increasingly unaffordable—especially for working families, seniors on fixed incomes, and renters from historically marginalized communities. Without immediate action, we will see even more displacement, more homelessness, and deeper economic strain on our city and region. This isn’t just a housing crisis, it’s a direct threat to the diversity, stability, and long-term economic health of Santa Barbara.

Rent stabilization is a proven, practical policy that protects tenants from sudden and excessive rent hikes, keeps families in their homes, and ensures landlords continue to receive steady and fair returns on their investments. By stabilizing rents, our city can:

– Safeguard the local workforce so essential workers can afford to live where they work.
– Support small businesses that rely on stable communities and local spending.
– Invest in long-term solutions for new affordable and innovative housing options.
– Strengthen trust and transparency between tenants and landlords.

It is also important to note that community stabilization ordinances are typically cost-neutral for cities after initial implementation investment. Across California, no cities currently fund their rent boards through the general fund or Local Housing Trust Fund. Instead, they are paid for by modest per-unit fees shared between landlords and tenants.

Housing is a basic human right and ensuring its stability is essential for a thriving and resilient local economy.