When first introduced, AB 2282 would have limited the number of single-family home rentals allowed in a given ZIP code. Then, it would have required all the single-famly rentals be registered with the state. Now, thanks to the lobbying efforts of CAA, the bill by Assemblyman Ian Calderon will do neither.
Assemblyman Ian Calderon
The current version of AB 2282 aims to create a report of how large-scale buy-to-rent investors have affected California’s real estate market.
The legislation has been reinvented repeatedly since it emerged in February. Perhaps most alarming was the original version’s limit on the number of single-family homes that property owners could use primarily as rentals in a given postal area.
The California Apartment Association successfully argued that such a limit would worsen the already scarce availability of rental housing in many communities, driving up prices and exacerbating affordability issues.
This led to a second version of the bill, and its mandate that single-family homes used primarily as rentals be registered annually with California’s Department of Business Oversight. The legislation would have applied to all single family rental owners — from individuals to real estate investment trusts — creating a costly and ineffective mandate and compromising privacy rights of both landlords and tenants.
The removal of this provision marks the second time this year that Calderon has overhauled the legislation at the urging of CAA.
The bill is now awaiting assigmment in the state Senate, following passage by the Assembly on Thursday.
Related content:
- CAA opposes bill requiring registration of single-family rentals (CAA, April 12)
- Proposal would place cap on single-family homes for rent (CAA, March 16)