California Lawmakers Reviving Rent Control
The rent control fight in California has ramped up once again.
Despite voters overwhelmingly defeating Proposition 10 at the ballot box last November, California Democrats introduced a package of housing bills Thursday to expand rent control in the state. This package includes Assembly Bills 1482 and 36. AB 1482 would place a yet-to-be-determined cap on rent increases for units statewide that are not yet covered by local rent controls. AB 36 would make reforms to the Costa-Hawkins Rental Housing Act's limitations on local rent control laws. It would allow cities to apply rent stabilization measures to rental units older than 10 years and extend these controls to single-family rentals and condos.
NAA is monitoring the full package of bills and will keep members apprised of their scope and nature as they develop. Thank you for all that you do to help grow and protect the apartment industry.
Please don’t hesitate to contact NAA’s rent control expert, Alex Rossello, Manager of Public Policy if you have any questions concerning this news.