Low End Market Rental and Non Market Rental Housing Oversight

The 2024 statutory declaration process applied to a total of 843 homes including 394 LEMR homes and 449 non-market homes, across 36 buildings and 29 operators. Units captured during the most recent declaration were in addition to the 152 homes captured during the 2023 declaration, bringing the total homes reviewed over the past two years to 995 homes. These 995 homes represent 100% of all LEMR and non-market homes in the City that are cun-ently constructed and occupied, and for which there is a housing agreement. As it relates to owner/operator-based defaults, tenants within 33 homes were found to have been charged prohibited fees and 10 homes were found to be paying rents in excess of those permitted, collectively representing 5% of the homes captured. Housing agreement terms allow the City to charge the owner a "daily amount," following the City's issuance of a notice of default. This daily amount, being $100, would be charged to the owner on a daily basis until the default is addressed. Reimbursement for the prohibited fees and excess rents charged to the tenant(s) will remedy these defaults. Regarding tenant-based defaults, the 2024 statutory declaration identified 52 homes for which the gross household income exceeded the maximum permitted, representing 6% of the total captured. At the time of preparing this report, remedies to 10 of the 52 instances of income default had been realized through the owner's issuance of an end-of-tenancy notice to related tenant(s). Remedies to the outstanding instances of default are ongoing. Fonnal notices of default have yet to be issued as direction pertaining to the potential granting of exemptions to income exceedances is being sought.

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