News: California Legislature

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Legislation approved last year will make it easier to determine allowable annual rent increases under AB 1482, the Tenant Protection Act of 2019. The Tenant Protection Act restricts rent increases in any 12-month period to no more than 5% plus the percentage change in the cost of living (CPI), or 10%, whichever is lower. The law defined the “percentage change in the cost of living” as the percentage from April 1 of the prior year to April 1 of the current year. This created problems with calculating rent increases because the April figures are often not available until June. Landlords… Read More

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CAA has sponsored a Rental Housing Relief Package that would provide emergency assistance to owners and tenants financially injured by COVID-19. These are the only bills in the California Legislature that would provide direct financial resources for both landlords and tenants. SB 1410 (Caballero) – COVID-19 Emergency Rental Assistance Program – would provide rental payments for tenants unable to pay their rent because of COVID-19 hardships. SB 1431 (Glazer) – Property Reassessment – would allow for an earlier reassessment of residential rental property that’s lost value because of COVID-19 related tenant protections, such as eviction controls and rent freezes. Both bills are… Read More

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A bill working its way through the California Legislature would create a $500 million tax credit aimed at keeping housing affordable. AB 2058 by Assemblyman Jesse Gabriel, D-San Fernando Valley, would create the Affordable Housing Preservation Tax Credit to incentivize property owners planning to sell rental housing or mobile-home parks to prioritize selling to experienced affordable housing entities that will keep the units affordable.   Assemblyman Jesse Gabriel

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The California Apartment Association has confirmed that Assembly Republican Leader Kristin Olsen will speak at CAA’s Legislative Conference. Olsen, who represents the 12th Assembly District in the Central Valley, is the first mother of school-aged children to lead either a Republican or Democratic caucus in the California Legislature, according to her website. The lawmaker, first elected to the Assembly in 2010, became chief Republican whip in her first term. In 2012, the Regional Council of Rural Counties named her Legislator of the Year. Besides hearing from Olsen, Legislative Conference attendees will join their industry peers, head to the Capitol and… Read More

Tagged: Central Valley

Every year, California experiences thousands upon thousands of small earthquakes – hundreds each day. Ninety-nine percent are so small we never feel them. Once in a while, though, we get a large tremor — like the 5.1 quake in Orange County this past spring — that reminds us to prepare for the Big One that seismologists keep talking about. When it comes to the rental housing industry, California lawmakers have authorized local governments to establish seismic-retrofit standards for particular types of buildings they consider to be hazardous during an earthquake. These would include certain unreinforced-masonry buildings, specified wood-frame, soft-story, and… Read More

Tagged: Tri-County

Now that 2014 is here, it’s important that rental housing professionals are familiar with laws that could affect the way they do business. Background In 2013, the California Legislature had 40 freshman lawmakers and a greater number of moderate Democrats – those friendly to business — including 20 in the Assembly and four in the Senate. In 2013, the California Apartment Association reviewed 10,650 bills and took formal positions on 55 of them. By the numbers 2,535: Bills introduced in 2013 4.2: Average amendments to each bill 10,650: Bills reviewed by CAA 121: Bills followed by CAA 55: Bills that… Read More

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