News: CAA

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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.

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Over the objections of CAA, the Los Angeles County Board of Supervisors on Tuesday approved a temporary rent control ordinance for unincorporated areas of the county. The interim rent control measure affects about 50,000 pre-1995 apartments located in areas outside the 88 city jurisdictions within the county. The ordinance includes: A maximum rent increase amount of 3 percent annually for rental properties in the county’s unincorporated areas, except for those properties that are statutorily exempt from rent control. A term of six months from the date of adoption with options to extend the interim ordinance as necessary. A base rent… Read More

Tagged: Los Angeles

The California Apartment Association’s offices will be closed Monday, Nov. 12, in observance of Veterans Day. Normal operating hours will resume Tuesday.

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California voters in Tuesday’s election approved Propositions 1 and 2, CAA-supported bond measures that together are expected to raise $6 billion, add much-needed affordable housing and help address the state’s homelessness crisis. With 100 percent of precincts reporting, Proposition 1 had garnered 54.1 percent of the vote, while Proposition 2 had secured 61.1 percent. Proposition 1 will authorize $4 billion in general obligation bonds for housing-related programs, loans, grants and projects, as well as housing loans for veterans.

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Amid aggressive opposition from the California Apartment Association, a measure to impose rent control and “just cause” eviction policies in Santa Cruz failed passage in Tuesday’s election. According to semi-official results, 65.5 percent of voters rejected Measure M, while just 34.5 percent voted to approve it. A rent control measure also appeared to be failing in National City.

Tagged: Tri-County

A campaign led by the California Apartment Association has defeated a rent control and “just cause” eviction initiative in National City. With 100 percent of precincts reporting, 53.9 percent of voters had rejected Measure W, while 46.1 percent voted to approve it. A rent control measure also failed in Santa Cruz.

Tagged: San Diego

Thanks largely to a campaign led by the California Apartment Association, voters in the Nov. 6 election overwhelmingly rejected Proposition 10, the statewide ballot measure that would have repealed the Costa-Hawkins Rental Housing Act and brought extreme forms of rent control back to the state. With 100 percent of precincts reporting, 61.7 percent of voters rejected Prop 10, while 38.3 percent voted to approve the measure. “The stunning margin of victory shows California voters clearly understood the negative impacts Prop 10 would have on the availability of affordable and middle-class housing in our state,” said Tom Bannon, chief executive officer… Read More

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The California Apartment Association’s offices will be closed Thursday, Nov. 22, and Friday, Nov. 23, in observance of the Thanksgiving holiday. Normal operating hours will resume Monday, Nov. 26.

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To jumpstart affordable housing construction, the Sacramento City Council this week voted to waive development impact fees on new projects, a move supported by the California Apartment Association and other business organizations. The fee waivers will reduce, for example, the cost of a 200-unit multifamily housing development by as much as $2.6 million, an amount that helps cover the funding lost when redevelopment agencies, a primary source of financing for affordable housing, were eliminated during the recession. “Increasing the supply of affordable housing is the single best approach to solving our housing crisis,” said CAA senior vice president Jim Lofgren.… Read More

Tagged: Sacramento Valley

After more than a year of discussion, the city of Santa Barbara has drafted proposed ordinances that could require rental housing providers to offer leases to prospective tenants, and in some cases, relocation assistance to displaced renters. First drafts of the ordinances were presented this week to the Santa Barbara City Council’s ordinance committee.

Tagged: Los Angeles