A statewide rent control measure targeted for 2020 would likely drive rental units from the market, decrease apartment property values, and possibly diminish annual tax revenues by tens of millions of dollars or more. Those were some of the predictions this week from California’s Legislative Analyst’s Office. The nonpartisan fiscal and policy adviser published an analysis Monday of the potential impacts of Michael Weinstein’s Rental Affordability Act, or as some are calling it, Proposition 10 2.0. The proposition is Weinstein’s latest attempt to return extreme forms of rent control to California through the statewide initiative process. Weinstein’s previous bid for radical rent control — Proposition 10 — failed miserably at the polls this past November. The proposed statewide ballot measure would allow cities and counties to… Read More
California’s nonpartisan Legislative Analyst’s Office today released a report predicting that Michael Weinstein’s Rental Affordability Act, or Proposition 10 2.0, would exacerbate the state’s chronic housing shortage by leading rental property owners to remove units from the market. The proposition is Weinstein’s latest attempt to return extreme forms of rent control to California through the statewide initiative process. Weinstein’s previous bid for radical rent control — Proposition 10 — failed miserably at the polls this past November. The proposed statewide ballot measure would allow cities and counties to impose rent control on buildings after they turn 15 years old. Under… Read More
Tenant activists are again attempting to place a rent control measure before voters in Pasadena. Rent control proponents last month announced they would attempt to qualify an initiative for the November 2020 ballot. Although the measure currently lacks details, tenant activists hope to cap rents at the rate of inflation and include a “just cause” eviction policy in the measure, according to LAist. The Pasadena Tenant Justice Coalition is behind the latest effort. The coalition includes five groups: the Pasadena Tenants Union; Socialist Scientists of Pasadena; Affordable Housing Services; American Civil Liberties Union—Southern California; and the Democratic Socialists of America… Read More
Less than six months after Proposition 10 went down in crushing defeat, Michael Weinstein is again attempting to return extreme forms of rent control to California, a move that would decimate the supply of housing for California’s working families. On Friday, Weinstein filed preliminary paperwork with the state attorney general to place another statewide initiative before voters, aiming for the 2020 ballot. According to initial paperwork filed with California Attorney General’s Office, the new initiative seeks to create the Rental Affordability Act. Under this measure, cities and counties would be free to impose rent control on buildings after they turn… Read More
Voters will soon decide whether to increase taxes on improvements to buildings within the Los Angeles Unified School District, including apartments. On the June 4 ballot is Measure EE, which would levy a parcel tax of 16 cents per square foot of building improvements annually for 12 years. If approved, the measure is expected to raise $500 million per year for L.A. Unified, which is the nation’s second largest school district.
In 2019, the California Apartment Association will continue to address a wide range of local rental housing issues in the Sacramento Valley. Here are four of the most consequential issues to watch: Rent control ballot measure In the city of Sacramento, an initiative that would implement rent control and strict tenancy-termination restrictions qualified to appear on the ballot sometime in 2020. The next step is for the City Council to decide which ballot will include the measure, with options likely coming down to the March primary or November’s general election. Before acting, the council will review a pending legal opinion… Read More
In California, last week’s gubernatorial election proved to be a complete rebuke of President Trump’s agenda, with Democrats winning significantly at every level of state government. Democrats swept all statewide offices and won numerous Congressional, state Senate and Assembly seats. Motivated voters turned out to the polls in higher-than-usual numbers, helping push Democrats across the finish line in several close contests.
In the San Diego area, the fall election brought victories for most CAAPAC-supported candidates for local office. Here’s how the local elections broke down: San Diego County In the race for District 4 supervisor, CAAPAC-backed candidate Nathan Fletcher, who is on record opposing rent control, won with 66.54 percent of the vote. With his victory, Fletcher will be the only Democrat on the San Diego County Board of Supervisors, a trend expected to continue in future elections throughout San Diego County. City of San Diego District 6 Councilman Chris Cate, a pro-business incumbent supported by CAAPAC, won re-election to the… Read More
Throughout 2018, the California Apartment Association’s Political Action Committee supported numerous candidates for local office in the Sacramento Valley. We are pleased to announce that many of these CAAPAC-backed candidates went on to win their races, both in the June primary and the November general election.
Voters on Tuesday rejected Proposition 5, a statewide ballot measure that would have allowed homeowners who are 55 or older or severely disabled to transfer tax assessments from a prior home to a new home. With 95.7 percent of precincts reporting, 41.9 percent of the votes cast on Proposition 5 were to approve the measure, while 58.1 percent were cast to reject it.