“The Urban Land Institute Orange County / Inland Empire District (ULI OC/IE) Council will host a panel discussion, on September 7th regarding the impact of Proposition 10, the repeal the Costa Hawkins Act, appearing on the ballot this November.
The Costa Hawkins Act (CHA) was enacted in 1995 to limit the ability of municipalities to impose most types of rent control regulations. ULI OC/IE’s panel of professionals will review emerging trends on the topic of rent control, address challenges, and discuss the impact of Proposition 10 on the real estate industry, and the California economy as a whole.
In addition, the session will review the effect of the repeal of CHA across the state for property investors, landlords, managers, and tenants of existing and future homes in the midst of a historic housing crisis.
“Amid the continued shortage of housing in California, topics such as rent control become central to the discussion of attainable housing,” said Kendra Chandler, Executive Director for ULI OC/IE. “Political pressure is being brought to bear on housing issues, including declining inventory and affordability. Rent control, as public policy, will be on the ballot in November, so our examination of the issue at the September 7th session is both timely and important.”
Local industry professionals who will address the topic of rent control include:
- Barry Altshuler, Executive Vice President, Equity Residential
- Dr. Richard Green, Director and Chair of the USC Lusk Center for Real Estate and Chair, Department of Policy Analysis and Real Estate
- Susie Lien, Partner, Kimball, Tirey & St. John
- Tim Sullivan, Moderator, Managing Principal, Meyers Research”