Ballot initiative filed to repeal Costa-Hawkins, California’s rent control limitation law
A statewide ballot initiative filed Monday, Oct. 23, seeks to repeal the Costa-Hawkins Rental Housing Act, landmark legislation that protects property owners and renters from radical, local rent control measures.
For over 20 years, the Costa-Hawkins Act has prohibited local governments from regulating the price of rents on rental units built after 1995. Costa-Hawkins also prohibits a local government from regulating rents on single-family homes, individually owned condominiums and townhouses.
Moreover, the act also requires all rent control ordinances to allow a rental property owner to set the rent at market rate once a new tenant moves out and a new tenant moves in, a policy known as vacancy decontrol.
“If local rent control ordinances are allowed to regulate rents …