Rental Inventory

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The City’s Housing Programs Office currently provides a variety of ongoing housing programs with an annual Community Development Block Grant budget of approximately $1.1 million to $1.5 million. These funds are restricted to specific programs and income levels based on Federal regulations.

Every five years, the City Council adopts a Consolidated Plan evaluating and establishing the community’s housing priorities for low-income households. Annually, the City Council adopts an Action Plan to implement the Consolidated Plan and comply with federal regulations.

Over the years, the City of Monterey City Council has received updates about rent stabilization measures and discussed whether to create a new program.

On April 18, 2023, the City Council gave direction to the Housing Office to begin the process of drafting the legal framework for a rental inventory database. This process supports efforts and policies that provide equitable access to affordable housing in Monterey and the region. (See Quality of Life Value Driver: In collaboration with our community partners, work to improve the quality of life of all of our community members by fostering diversity, equity, and inclusion; championing equitable access to affordable housing; and maintaining a safe environment.)

This Rental Inventory page will provide ongoing updates on the City's rental database project. We encourage you to participate.

As the April 18, 2023 Agenda Report states: A vacancy tax and rental registry would be substantial for new housing programs. The rental inventory would provide additional new information about the location, number, type and rent of existing rental units. Many jurisdictions establish a rental database to develop rent control regulations.

Currently, staff estimates that a rental inventory program will require around $400,000 annually in on-going costs. The management, administration, and maintenance of a rental inventory program will require two additional full time staff members at a total estimated annual operating cost of $275,000, plus $25,000 for management/supervisory staff time. Staff also estimates approximately $100,000 in additional initial staff time to develop the program and physically confirm data before launching.

The cost for a specialized rental inventory software will be around $25,000 in start-up costs in year one plus an estimated $30,000 annual subscription fee, for a total year one cost of $55,000. The $30,000 subscription fee would continue annually thereafter. Since this is a new program, the City needs to create fees to recover the costs for the program.

The City’s Housing Programs Office currently provides a variety of ongoing housing programs with an annual Community Development Block Grant budget of approximately $1.1 million to $1.5 million. These funds are restricted to specific programs and income levels based on Federal regulations.

Every five years, the City Council adopts a Consolidated Plan evaluating and establishing the community’s housing priorities for low-income households. Annually, the City Council adopts an Action Plan to implement the Consolidated Plan and comply with federal regulations.

Over the years, the City of Monterey City Council has received updates about rent stabilization measures and discussed whether to create a new program.

On April 18, 2023, the City Council gave direction to the Housing Office to begin the process of drafting the legal framework for a rental inventory database. This process supports efforts and policies that provide equitable access to affordable housing in Monterey and the region. (See Quality of Life Value Driver: In collaboration with our community partners, work to improve the quality of life of all of our community members by fostering diversity, equity, and inclusion; championing equitable access to affordable housing; and maintaining a safe environment.)

This Rental Inventory page will provide ongoing updates on the City's rental database project. We encourage you to participate.

As the April 18, 2023 Agenda Report states: A vacancy tax and rental registry would be substantial for new housing programs. The rental inventory would provide additional new information about the location, number, type and rent of existing rental units. Many jurisdictions establish a rental database to develop rent control regulations.

Currently, staff estimates that a rental inventory program will require around $400,000 annually in on-going costs. The management, administration, and maintenance of a rental inventory program will require two additional full time staff members at a total estimated annual operating cost of $275,000, plus $25,000 for management/supervisory staff time. Staff also estimates approximately $100,000 in additional initial staff time to develop the program and physically confirm data before launching.

The cost for a specialized rental inventory software will be around $25,000 in start-up costs in year one plus an estimated $30,000 annual subscription fee, for a total year one cost of $55,000. The $30,000 subscription fee would continue annually thereafter. Since this is a new program, the City needs to create fees to recover the costs for the program.

  • Rental Inventory Enrollment Now Open

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    The City of Monterey's Rental Inventory program has officially launched. Property owners now have the ability to register their properties through the Rental Inventory Portal. For details and additional information, including a link to the Rental Inventory Portal, please visit monterey.org/rentalinventory.

  • City Council Adopts Resolution to Update Master Fee Schedule

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    On Tuesday, December 5, 2023, City Council adopted a resolution amending the City's Master Fee Schedule to include updated fees associated with commercial cannabis business permits and the Rental Inventory Program. Based on City Council's decision to fully recover the cost of the program, the registration fee for the rental inventory program has been set at $50 per unit. This fee was calculated by combining the costs of the fully burdened rates for the HCD Coordinator and Administrative Assistant positions along with software and IT costs then dividing that total by the number of estimated non-exempt units. These changes to the Master Fee Schedule will be effective beginning January 4, 2024.

    The City's updated 2023-2024 Master Fee Schedule can be found here: FY2324 Master Fee Schedule

  • City Council Adopts Rental Inventory Ordinance

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    At the November 7, 2023 City Council meeting, the City Council passed a 2nd Reading by Title Only of an Ordinance to Establish a Rental Inventory and Requiring Registration of All Residential Rental Properties within the City of Monterey beginning January 1, 2024, and adopted Ordinance No. 3671 C.S. The ordinance goes into effect 30 days after the Council vote.

    Next steps: Staff is working on selecting a vendor for the software and establishing a fee schedule. We will continue to update this page with more details about next steps.

    Here's an updated comparison with the City of Salinas:

  • City Council Passes First Reading of Rental Inventory Ordinance

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    On September 5, 2023, the Monterey City Council voted 4-1 in favor of moving forward in establishing a rental inventory and requiring registration of all residential rental properties within the City of Monterey beginning January 1, 2024. The first reading was passed, with the following amendments:

    • Landlords and tenants will split the cost of registration evenly with 50% fee pass-through to tenants.
    • To the extent possible, the 50% of fees passed through to tenants will be itemized on their rental invoice/statement.
    • ADUs, JADUs, and owner-occupied properties will be exempt from registration fees.
    • There will be no criminal charges imposed for violations of this ordinance.

    The next steps in the process call for a second reading of the draft ordinance with the added amendments on September 19, 2023 at 4:00 p.m. If the ordinance passes at that time with no additional changes requested by City Council, it will go into effect 30 days later. If further amendments are requested, the ordinance will return to City Council for an additional reading on the next available date.

    Based on the timeline passed by City Council at this point, residents can expect to the registration window to open on January 1, 2024 with a closing date of March 1, 2024.

    Please refer to the associated FAQ section for more information, or contact suggest@monterey.org if you have further questions.




  • Monterey City Council to Consider a Rental Inventory Ordinance at the Sep. 5, 2023, 7 p.m. City Council Meeting

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    Monterey City Council will consider passing a first reading of an ordinance at the September 5, 2023, 7:00 p.m. City Council meeting that would establish a rental inventory and require registration of all residential rental properties within the City of Monterey beginning January 1, 2024. The agenda, draft ordinance, and related documents are also posted at https://isearchmonterey.org.

    Attachments:

    1. Draft Ordinance
    2. Summary of Town Hall Comments
    3. December 1, 2020 City Council Minutes
    4. March 25, 2020 City Council Minutes
    5. August 19, 2020 City Council Minutes
    6. September 30, 2020 City Council Minutes
    7. September 29, 2021 City Council Minutes
    8. February 23, 2022 City Council Minutes
    9. April 18, 2023 City Council Minutes
    10. June 20, 2023 City Council Minutes
    11. Comparison of Salinas City Code and Monterey’s Proposed Ordinance

    SEPTEMBER 1, 2023, NEWS RELEASE

  • May 30 Town Hall Wrapup

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    supporting image

    Thank you to everyone who attended the town hall on May 30. The poll shows there was a fairly good mix of renters, property owners, property managers, and real estate agents:

    Resources from the event include the:

    Round-table Discussion Topics - we are gathering responses and will post as soon as they are available

    What are your initial thoughts about the rental inventory?
    What information is most useful to include in the rental inventory?
    What information would you like to see omitted from the rental inventory?
    What questions or concern still need to be addressed?

    We will keep this page updated on next steps.

  • "Rental Inventory" Town Hall, Tue., May 30, 6 to 9 p.m.

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    MAY 16, 2023 NEWS RELEASE

    TOWN HALL FLYER - QUICK FACTS

    On April 18, 2023, the City Council gave direction to staff to begin the process of preparing a rental housing inventory. On Tuesday, May 30 from 6:00 p.m. to 9:00 p.m., the City of Monterey is hosting a town hall at the Monterey Conference Center, One Portola Plaza. Participation virtually via Zoom is also an option. Based on the City Council guidance to create a rental inventory, this process supports efforts and policies to provide equitable access to affordable housing in Monterey. It further aligns with and supports the City Council Quality of Life Value Driver: In collaboration with our community partners, work to improve the quality of life of all our community members by fostering diversity, equity, and inclusion; championing equitable access to affordable housing; and maintaining a safe environment.

    Community Development Director Kim Cole said, “To better understand our housing costs and shortage, we need accurate information about the rental inventory in Monterey. A rental inventory program will establish an important database, supporting and benefiting both the property owner and the renter. The town hall is an opportunity to collaborate on the best way to build and manage this proposed resource.”

    Zoom Instructions:

    Please click the link below to join the webinar:
    https://monterey-org.zoomgov.com/j/1604116139
    Or One tap mobile :
    +16692545252,,1604116139# US (San Jose)
    +16692161590,,1604116139# US (San Jose)
    Or Telephone:
    Dial(for higher quality, dial a number based on your current location):
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    Webinar ID: 160 411 6139
    International numbers available: https://monterey-org.zoomgov.com/u/adftqNdBId

    BACKGROUND
    The City’s Housing Programs Office currently provides a variety of ongoing housing programs including public service grants to nonprofit agencies that provide services to the homeless and residents, housing repair grants, and purchase/resale of deed restricted low-income units. Housing Programs are funded with approximately $1.1 million to $1.5 million. These funds are restricted to specific programs and income levels based on Federal regulations. Learn more about the programs within the Housing Office at https://monterey.org/housing.

    https://files.monterey.org/News/FINAL-Rental-Housing-Town-Hall-Print-Postcard.png




Page last updated: 02 Jan 2024, 05:00 PM