HB 2175

SUBCOMMITTEE

1. Line 19, introduced, after than

strike

the remainder of line 19, all of line 20, and through less on line 21

insert

three percent

SUBCOMMITTEE

2. Line 39, introduced, after necessary.

insert

In addition to any exemptions established pursuant to this subsection, the anti-rent gouging board shall establish rules and procedures to grant a fair return rent increase exemption, including the criteria to evaluate eligibility for the exemption and any rent increase approved under the exemption. For purposes of this subsection, a "fair return" means a return on investment (i) sufficient to offset operating expenses and (ii) commensurate with returns on investment in other enterprises having comparable risks. The anti-rent gouging board shall not grant a fair return rent increase for any rental unit where the landlord has failed to bring the rental unit into compliance with the applicable building or housing code.

SUBCOMMITTEE

3. Line 66, introduced, after Services;

insert

or

SUBCOMMITTEE

4. Line 68, introduced, after B

strike

the remainder of line 68 and through units on line 69