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Proposition 21, the November ballot measure that would return extreme, 1970s-style rent control to California, could result in “a potential reduction in state and local revenues in the high tens of millions of dollars per year over time,” says the non-partisan Legislative Analyst’s Office.
In a recently released report on the measure, the Legislative Analyst’s Office said “some landlords would sell their rental housing to new owners who would live there,” which would result in less affordable housing available to the state’s renters.
The office further noted that, if Proposition 21 were to become law “the value of rental housing… Read More
Tagged: ElectionsProposition 21
The California Apartment Association has stopped a pair of bills that would have limited the ability of landlords to terminate tenancies and made it more difficult to sell rental properties.
CAA learned Thursday that neither bill will get a hearing when the Legislature returns from its summer recess on Monday.
Tagged: News
The California Apartment Association’s tool for calculating maximum allowable rent increases under AB 1482 is now easier to use.
The tool now includes a drop-down menu with county names. Simply select the county where your property is located to find out the local Consumer Price Index. Previously, users needed to type in the ZIP code of their property’s location for the CPI.
AB 1482 took effect Jan. 1, 2020, and imposes rent increase limits of 5% plus CPI on most residential rental properties in the state.
The CPI you must use under AB 1482 is specifically defined and generally requires… Read More
Tagged: News
The California Apartment Association this week issued opposition letters regarding three of the most troubling rental housing-related bills of 2020.
The bills include AB 1703, which would give tenants and certain community groups an unfair head start in purchasing rental housing; AB 1436, which would force landlords to defer rents for possibly months on end; and AB 828, an unfair attempt to allow the government and the courts to give extended tenancies to all renters — even those not facing economic hardships.
Tagged: COVID-19LegislationNews
Amid a resurgence of COVID-19 infections, Gov. Gavin Newsom on Monday once again closed indoor fitness centers — including those in apartment communities — in many parts of California.
These closures apply to counties that have appeared on the County Monitoring List for three consecutive days. A list of those counties can be found about halfway down this page.
In impacted counties, fitness centers must be shut down unless they can be modified to operate outside.
For more information about COVID-19 and its impacts on the rental housing business, visit CAA’s COVID-19 resources page or its page about reopening efforts.
Tagged: COVID-19
Tom Bannon
In CAA’s sixth podcast, Tom Bannon, CAA’s chief executive officer, discusses the many problems with Proposition 21 — including its impact on small-scale landlords — and ways the rental housing industry can help defeat the proposal in November’s election.
Listen here
Tagged: PodcastProposition 21
The Concord City Council on Tuesday approved sweeping changes to its rental housing laws, including the rolling back of the city’s rent mediation program and new requirements surrounding fixed-term leases and relocation assistance.
The changes are the culmination of a multi-year review of the city’s landlord-tenant policies. They also follow repeated efforts by Concord tenant advocacy groups to bring rent control and “just cause” eviction policies to the city — efforts the California Apartment Association continues to thwart.
Tagged: News
Selling rental properties in California will take significantly longer if a bill introduced this month becomes law.
Under AB 1703 by Assemblyman Richard Bloom, D-Santa Monica, tenants and certain community groups would have the right to make an offer to buy rental housing before any other prospective buyers.
Tagged: LegislationNews
California’s Secretary of State’s Office has assigned a proposition number to the extreme rent control measure slated for the Nov. 3 statewide ballot: Proposition 21.
The measure attacks California’s Costa-Hawkins Rental Housing Act and would welcome back the extreme forms of rent control that proliferated in California in the 1970s and make California’s housing crisis even worse.
Anti-housing activist Michael Weinstein is bankrolling the campaign to pass the measure, using funds from the nonprofit AIDS Healthcare Foundation, of which he is president.
Until now, Weinstein’s radical rent control measure has often been referred to as Proposition 10 2.0 for its… Read More
There’s no turning back now.
Thursday was the deadline for Michael Weinstein to withdraw his radical rent control measure from California’s statewide ballot.
Michael Weinstein is using dollars from the AIDS Healthcare Foundation to bankroll an extreme rent control measure going before California voters this fall. REUTERS/Danny Moloshok
He did not.