(a) Annual rent increase allowance. The Director annually must calculate a rent increase allowance for regulated rental units equal to the lesser of:
(1) CPI-U plus 3 percent; or
(2) 6 percent.
(b) Publication. The Director must publish the annual rent increase allowance in the County Register and on the County website.
(c) Duration. A rent increase allowance under subsection (a) remains in effect for a 12-month period, beginning July 1st of each year and ending on June 30th of the following year. (2023 L.M.C., ch. 22
. § 1.)