On January 11, 2018, the California legislature will be voting to repeal the Costa-Hawkins Rental Housing Act.
If Costa-Hawkins is repealed, all California cities will be authorized to permanently control the rent of your properties.
AB 1506 (Bloom, Santa Monica) repeals Costa-Hawkins. If approved by the Assembly Housing Committee on January 11th, local governments will have the power to control rents at the time of vacancy. In other words, so-called “vacancy de-control” will be eliminated by AB 1506 leaving owners with no rights to reset rental rates to market when a unit becomes vacant. Further, if AB 1506 is approved, local governments could impose rent control on new construction, single family homes and condominiums.
Rental property owners must act now. Raise your voice and speak out against this outrageous and targeted attack against rental housing providers and the right to control your investment.
If you own, manage, or supply rental property, please call and email Assembly Member, Ed Chau, who sits on the housing committee, on or before January 9th and ask him to VOTE NO on AB 1506 (Bloom).
- When calling and emailing Assemblymember Chau:
- Identify yourself and state you are a member of the Apartment Association of Greater Los Angeles.
- Ask the legislator’s staff to VOTE NO on AB 1506.
- Thank the legislator’s staff for taking your call/email.