The California Apartment Association will join key figures in the rental housing industry for a live webcast on Aug. 15, 2024, to discuss the implications of an extreme rent control measure — Proposition 33, or the “Justice for Renters Act” — going before voters in November.
Tom Bannon, CEO of the California Apartment Association, will participate in the webcast, hosted by Hessam Nadji, president and CEO of Marcus & Millichap. The event will begin at 11 a.m.
The panel will also include Barry S. Altshuler, executive vice president of investments at Equity Residential and a member and past president of the CAA board, and Jim Lapides, senior vice president of external affairs at NMHC.
Key discussion topics will include:
- Negative impacts of the “Justice for Renters” ballot initiative on renters: The panel will explore how Proposition 33 could adversely affect renters, potentially exacerbating the housing crisis.
- Historical impact of rent control on affordability: Insights will be shared on how previous rent control measures have influenced housing affordability and availability.
- Actions owners and investors can take: Guidance will be provided on proactive steps that owners and investors can take in response to the initiative.
- Practical solutions to mitigate the California housing shortage: Potential strategies to alleviate California’s housing shortage will be examined.
Proposition 33, a statewide measure that aims to reintroduce stringent rent control regulations, is seen by many industry experts as likely to reduce housing supply and increase rents over time.
Register for the webcast
To learn more about the potential repercussions of this ballot initiative and gain valuable insights from industry leaders, register for the webcast on Marcus & Millichap’s website.
