News: Rent ControlFilter
Signature-gathering is expected to begin soon in Michael Weinstein’s latest effort to place a radical rent control measure before California voters. California’s attorney general this week issued a title and summary for Weinstein’s Rental Affordability Act, or Proposition 10 2.0, clearing the way for signature-gathering to begin. The California Apartment Association has learned that Weinstein has retained a signature-gathering firm, which will likely hit the streets in a matter of days. If the statewide ballot initiative ultimately qualifies, it will appear before California voters in November 2020.
A CAA-opposed bill that would apply rent control across California will receive its first hearing in the state Senate next month. On Tuesday, July 9, the Senate Judiciary Committee will consider AB 1482 by Assemblyman David Chiu, D-San Francisco. The bill surfaced despite the overwhelming defeat of Proposition 10, a statewide rent control bill on last November’s ballot. AB 1482 would apply rent control to all types of housing in every city and county in California.
A California Apartment Association-led business coalition this week defeated a pair of rent control ordinances proposed for the city of Anaheim. Early Wednesday, after meeting for more than 12 hours, the council rejected both measures on a 5-2 vote. The ordinances threatened to cap rent increases at 5% plus the rate of inflation for at least six months, time the city would have used researching permanent rent control policies.
The California Apartment Association is calling on its members to speak out against a package of landlord-tenant proposals that would bring rent and eviction controls to the city of Concord. CAA asks that rental housing providers speak out at the Concord City Council meeting on Wednesday, June 19, and email council members today. At Wednesday’s meeting, the council will vote on the following: “Just cause” eviction ordinance: limits your ability to regain possession of your property or evict problem tenants. Tenant relocation fee: a forced payment to the tenant of up to three times the market rent if you don’t renew a lease. Binding arbitration: a mandatory requirement for you to justify rent… Read More
As expected, the Long Beach City Council on Tuesday formalized its approval of an ordinance that will effectively cap rent increases at 10% on the city’s older apartment buildings and limit the ability of landlords to terminate tenancies. Approval of the second reading came on a 6-3 vote, the same as with last month’s first reading.
Culver City is about to become the latest Southern California community to weigh rent control policies. On Monday, June 24, the City Council is scheduled to discuss a possible freeze on rent increases. In preparation, the California Apartment Association and the Apartment Association of Greater Los Angeles are holding a joint town hall discussion, Thursday, June 20. Members of both associations are invited to participate in the gathering, which starts at 6 p.m. at the Culver City Rotary Plaza. “Housing providers must come together to get informed and become organized,” said Fred Sutton, CAA vice president of public affairs. “Learn… Read More
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