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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.
Tagged: Affordable housingElections
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voters in the Nov. 6 election overwhelmingly rejected Proposition 10, the statewide ballot measure that would have repealed the Costa-Hawkins Rental Housing Act and brought extreme forms of rent control back to the state.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
In a poll released this week, a statewide ballot measure that would repeal the Costa-Hawkins Rental Housing Act continued to trail by a wide margin.
The final pre-election Berkeley Institute of Governmental Studies Poll, published Wednesday, indicated that 60 percent of likely voters oppose Proposition 10, while 35 percent support the measure, and 5 percent are undecided.
“This poll mirrors public and private polling that shows voters clearly understand that Prop 10 is a flawed measure that would worsen California’s affordable housing crisis, reducing property values and freezing the construction of housing for low- and middle-income families that we desperately… Read More
Tagged: Costa-HawkinsProposition 10
A newly released paper by a UC Berkeley economist explores how repealing the Costa-Hawkins Rental Housing Act could drive down property values and erode tax money for school districts and local communities.
The paper, “The Case for Preserving Costa-Hawkins: How Rent Control Reduces Property Values, Hurts Small Businesses and Limits State and Local Tax Revenue,” was authored by Kenneth T. Rosen, chairman of UC Berkeley’s Fisher Center and chairman and founder of Rosen Consulting Group.
If California voters approve Proposition 10 and overturn Costa-Hawkins in the Nov. 6 election, cities and counties will once again be authorized to adopt extreme… Read More
The California Apartment Association’s Board of Directors has taken positions on four housing-related propositions on the Nov. 6 statewide ballot.
Tagged: News
If the election were held today, a measure to repeal the Costa-Hawkins Rental Housing Act would likely go down in defeat, a statewide poll released this week indicates.
The poll, conducted by the Public Policy Institute of California, gauged voter sentiments on Proposition 10 and other ballot measures.
“Proposition 10, the local rent control initiative, trails by a 12 point margin,” Mark Baldassare, president and chief executive officer the institute, said in a news release about the poll. “The yes votes are falling below a majority among both homeowners and renters.”
Among likely voters, 48 percent would vote no on… Read More
In light of recent litigation, the California Apartment Association is urging members to read the association’s compliance paper on late fees.
Tagged: ComplianceNews
In a flurry of activity before adjourning for the year on Aug. 31, California lawmakers approved a number of CAA-supported bills intended to boost the state’s housing supply.
In the paragraphs that follow, we summarize the most significant of those housing-supply proposals.
Gov. Jerry Brown has until the end of this month to sign or veto the following:
Tagged: Legislative Summary
A bipartisan coalition of political leaders from across California has urged voters to reject a ballot measure that would repeal the Costa-Hawkins Rental Housing Act and return radical forms of rent control to the state.
The coalition, including officials from the city, county and state levels, says Proposition 10 would hurt local budgets while underming efforts to tackle California’s affordable housing crisis, the No on Prop 10 campaign said in a news release.
If voters approve Prop 10 in the Nov. 6 election, cities will be authorized to apply rent control to single-family homes and new multifamily housing. They’ll also… Read More
Tagged: Costa-HawkinsNews
The Bay Area Council, which represents more than 300 of the largest employers in the Bay Area, has announced its opposition to Proposition 10, the ballot measure that would repeal the Costa-Hawkins Rental Housing Act.
“We need comprehensive solutions to the housing crisis impacting our region and the entire state, but Proposition 10 would make our problems worse,” Jim Wunderman, president and CEO of the Bay Area Council, said in a news release. “We need to build more units close to public transit options that will help connect workers with good jobs and ensure they can afford a safe, convenient… Read More
Tagged: Costa-Hawkins