"The law will be known as: Affordable Housing Act. The People of the State of California hereby find and declare all of the following: a) Rents for housing have skyrocketed in recent years. Median rents are higher in California than any other state in the country, and among all 50 states, California has the 4th highest increase in rents. b) Research by Apartment List indicates that the median rent for a one-bedroom apartment in California is $1,410, an increase of 4.5% in just one year. A one-bedroom apartment in Los Angeles costs $1,350 per month. In San Francisco, it costs $2,450. In San Diego, the cost is $1,560. c) The federal government has concluded that rent is not affordable if renters spend more than 30% of their income on housing costs. The State of California has found that more than half of California renter households (3 million) pay more than 30% and one-third of renter households ( over 1.5 million) pay more than 50% of their income toward rent. d) According to the National Low Income Housing Coalition, a Californian earning minimum wage would have to work 92 hours per week in order to afford to rent an average one-bedroom apartment. e) More Californians (5.8 million households) are renting than ever before, because overall home ownership rates in California have fallen to their lowest [...]
The so-called “Affordable Housing Act” (Initiative 17-0041) is anything but affordable housing. DON’T BE FOOLED, THE INITIATIVE: Will NOT increase funding for affordable housing. Will NOT force local communities to build the housing approved in their general plans. Will NOT provide any immediate relief for people facing higher housing costs. Legal analysts warn the initiative includes several flaws, is vague and confusing, and could result in several unintended consequences that will actually make the cost of living higher for thousands of Californians. Specifically, the initiative: Includes different definitions of “landlord” and “owner” that will lead to legal confusion across the state’s 482 cities and 58 counties and take years to work out in court. Requires taxpayers to pay the proponents’ legal bills if homeowners, tenants or local voters challenge the law in court – even when they lose and spend millions on attorneys. Encourages homeowners to convert properties to more profitable uses, like condos and short-term vacation rentals, which will reduce the amount of long-term housing available for renters, drive prices even higher and make the housing shortage much worse. Click here to continue reading
"California voters are set to vote this November on an initiative that would allow California cities and counties to adopt stronger rent control laws, which limit how much landlords are allowed to raise rents each year. The Secretary of State's office reported last week that initiative backers have enough valid signatures to qualify it for the Nov. 6 ballot. Christina Livingston, a tenants' rights activist and one of three main proponents behind the initiative, said the coalition collected nearly 600,000 signatures in total, while 365,880 valid signatures were needed to qualify. "They were so easy to collect because the severity of the housing crisis is broad," Livingston said. "Low-income people and working-class communities are experiencing it, not just in coastal cities but in the Central Valley — everywhere in California." Click here to continue reading
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