By extending rent-control status to all existing apartments, like it did 35 years ago, the city could save the residents of as many as 50,000 apartments from today’s ballooning rental costs. But doing so might not make the city more affordable for the most economically vulnerable residents. Part of a special report on solutions for housing affordability.
Investigation shows some officials profited while UC investments performed poorly
Last fall, amid an unprecedented state budget crisis, the University of California Board of Regents took extraordinary measures to cut costs and generate revenue. Lecturers were furloughed, classes eliminated. The regents — the governing body for the vast public university system — also reduced admission slots for in-state students while increasing the cost for out-of-state students. And to the consternation of tens of thousands of students, the regents raised undergraduate tuition by a whopping 32 percent, with more hikes to come.