The San Francisco Board of Supervisors on Tuesday have approved a first-in-the-nation ordinance banning landlords from using certain software and algorithms to set rents.
In a unanimous decision, the board approved the legislation introduced by supervisor and mayoral hopeful Aaron Peskin. According to Peskin's office, the measure bans both the sale and use of software 'which combines non-public competitor data to set, recommend or advise on rents and occupancy levels.' The measure also allows the City Attorney or tenants who have been affected by the software to file lawsuits.
So we're taking action locally to ensure our working renters can afford to live here,' he went on to say.Critics told CBS News Bay Area earlier this month that the RealPage software enables collusion that is destroying competition between property owners.'What they're doing, their entire business model is illegal,' attorney Lee Hepner of the American Economic Liberties Project told reporter John Ramos.
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