“Supporters of a state ballot initiative to expand rent control options for cities across California announced Monday they had gathered enough signatures to qualify the measure for the November 2018 ballot.
If passed, the measure would repeal the 1995 Costa Hawkins Rental Housing Act, which sets limits on the kind of rent control policies cities are able to impose. Right now, 15 California cities have rent control policies. In the LA area, that includes the cities of Los Angeles, West Hollywood, and Santa Monica.
Striking the law from the books could have a significant impact on renters, property owners, and developers. In the midst of a statewide shortage of affordable housing, repeal supporters say it will give cities important new tools to protect affordable housing. Opponents argue it could worsen the crisis.
Given the new level of scrutiny over the bill, here’s a short explainer of what it actually means for California residents.”