On October 9th, the Santa Barbara City Council will learn that on October 14th (or soon after), Councilmembers Kristen Sneddon and Wendy Santamaria plan to introduce a proposal capping annual rent increases at 60% of CPI (Consumer Price Index). With Santa Barbara’s CPI currently at 2.7%, that would limit rent increases this year to just 1.62%.
In years w…