The California Apartment Association’s offices will be closed Thursday July 4, and Friday, July 5, in observance of Independence Day. Normal operating hours will resume Monday, July 8.
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.
Both the city and county of Los Angeles this week advanced policies that will require landlords to consider applicants who would use Section 8 to help pay their rent. The ordinances – one for the city of L.A., the other for the county’s unincorporated areas – will prohibit landlords from rejecting applicants based on their use of housing vouchers and other government assistance. Further, the laws will prohibit landlords from advertising that Section 8 is not accepted at their properties. While the city ordinance is expected to take effect in January 2020, the county has not yet determined an effective date for its… Read More
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 has issued a background paper and will hold a seminar to help rental housing owners in San Diego comply with a Section 8-related ordinance taking effect in the city effect Aug. 1. The “source of income” ordinance will require landlords to consider for tenancy all applicants with the ability to pay for a given unit, including those who would pay their rent using Section 8. The law bans blanket policies against renting to voucher holders, as well as advertisements to that effect. Moreover, under the ordinance, landlords can no longer reject an applicant based on the… Read More
You’re likely familiar with the federal tax reform law enacted in 2017. After all, it reduced tax rates for businesses and individuals, increased the standard deduction and family tax credits, and limited deductions for state and local income taxes and property taxes, among other things. However, you may not be familiar with a particular provision of that law, and related IRS guidance, that provides an opportunity specific to rental real estate businesses.
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