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Now that California has adopted the nation’s most sweeping statewide tenant protections, it’s time to fix the root cause of our housing crisis – a chronic lack of supply, said Tom Bannon, chief executive officer of the California Apartment Association.  Gov. Gavin Newsom today signed Assembly Bill 1482, making California the second state in the union to impose a statewide cap on annual rent increases.   The legislation was framed as an anti-gouging measure targeting the most egregious rent hikes, such as increases of 50% to 75% on existing tenants.   The California Apartment Association, which opposes rent control, took a neutral position after… Read More

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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

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FOR IMMEDIATE RELEASE Contact Mike Nemeth, communications director, at (916) 449-6426 The California Apartment Association remains steadfastly opposed to AB 1482, the statewide rent control bill, which fails to address the ongoing housing shortage and stands to make the problem worse. The bill, by Assemblyman David Chiu, D-San Francisco, passed off the Assembly floor this week and advanced to the state Senate. “It makes no sense to cap rents unless you’re also going to cap all of the operating expenses that apartment owners incur,” said Tom Bannon, CAA’s chief executive officer. “And there’s nothing in this bill that encourages one… Read More

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The California Apartment Association has expanded its public affairs and compliance staff to better protect the rental housing industry from legislative threats and to help members navigate a growing number of complicated laws and regulations.   CAA’s new hires include Stephanie Shirkey, senior policy and compliance counsel; Ninder Grewal, policy and compliance counsel; and Victor Cao, vice president of public affairs in Orange County.   Stephanie Shirkey After CAA led the defeat of Proposition 10, the statewide rent control initiative on the November ballot, lawmakers returned with a deluge of negative proposals, including a statewide rent cap on all rental units, statewide… Read More

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FOR IMMEDIATE RELEASEContact Mike Nemeth, communications director (916) 449-6426, mnemeth@caanet.org IRVINE — The California Apartment Association has expanded its government advocacy team in Southern California with the hiring of public policy veteran Victor Cao. Cao, who began Monday as CAA’s vice president of public affairs for Orange County, replaces Matthew Buck, who is now overseeing the association’s broadened public affairs work in Los Angeles County. Cao was previously chief of staff for Lisa Bartlett, chairwoman of the Orange County Board of Supervisors and representative for the Fifth District. In this position, Cao led several public policy initiatives throughout Orange County… Read More

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FOR IMMEDIATE RELEASEContact Mike Nemeth, communications director (916) 449-6426, mnemeth@caanet.org Less than six months after Proposition 10 went down in crushing defeat, Michael Weinstein is again attempting to bring extreme forms of rent control back to California, a move that would decimate the supply of housing for California’s working-class families. Weinstein’s convoluted proposal takes a counterproductive approach to California’s housing crisis and undermines Gov. Newsom’s pledge to build 3.5 million housing units by 2025. “This past November, California voters of all political stripes rejected Proposition 10 by an overwhelming margin,” said Tom Bannon, chief executive officer of the California Apartment… Read More

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