""The petition is served on all affected residents and a hearing officer is assigned to adjudicate the matter. Hearing officers are independent contractors and trained neutral arbitrators.""
""Over $1 million was recently invested in the park. The ordinance forces rents well below market rate, making it difficult to operate a park of this size.""
The San Jose Rent Stabilization Program rejected a request from Golden Wheel Mobile Home Park to increase rents for low-income tenants by $60 monthly. This denial came after a fair return petition failed to prove that the owner was not receiving a fair return. The proposed increase would have represented a significant percentage increase for residents. The park management disagrees with the decision, citing a $1 million investment in renovations, and argues that the cityâs rent control policies hinder the park's financial viability and future improvements.
Read at San Jose Spotlight
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