AB 1482 clears Senate; CAA amendments diminish most threatening impacts
A bill that would cap annual rent increases for much of California’s multifamily housing stock now includes significant amendments secured by the California Apartment Association.
The amendments to AB 1482, among other things, would prevent local governments from making the bill’s rent cap any more restrictive. Moreover, the revisions would improve the legislation’s vacancy decontrol and “just cause” for eviction provisions, while shielding new buildings from the cap for five additional years.
The changes follow weeks of around-the-clock negotiations with the office of Gov. Gavin Newsom and Senate Pro Tem Toni Atkins and were announced last week after the bill advanced from the Senate Appropriations Committee. The bill, AB 1482 by Assemblyman David Chiu, D-San Francisco, advanced from the Senate Floor on Sept. 10. To reach the governor’s desk, it must still receive a green light of amendments in the Assembly.