News: Rental Affordability Act
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The
California Apartment Association is gearing up for another campaign to keep
radical forms of rent control out of California.
Once again,
anti-housing crusader Michael Weinstein is using the initiative process in an
attempt to resurrect the radical rent control policies of the 1970s – policies
that would place homes further out of reach for seniors and working families
and exacerbate California’s homelessness crisis.
At a series of rallies Thursday, Weinstein and other tenant activists announced they had enough signatures to qualify their latest radical rent control measure for the November 2020 ballot.
Tagged: ElectionsRent Control
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.
Tagged: Proposition 10Rent Control
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