Slew of State Housing Bills Will Make Little Dent in Santa Monica


Slew of State Housing Bills Will Make Little Dent in Santa Monica

2019-03-19T10:28:40-07:00March 19th, 2019|Advocacy|

March 15, 2019 — A series of housing bills introduced in the State Assembly Thursday will likely have little impact on Santa Monica’s skyrocketing rental market, although one of them could pave the way for a local voter initiative.

Of the four bills, the one introduced by Santa Monica Assemblymember Richard Bloom could go before local voters if it is signed into law by the Governor, as expected.

Unlike Bloom’s 2018 housing bill to repeal vacancy decontrol — which like a similar state voter initiative failed — the new bill would make “modest reforms” to the 1995 Costa-Hawkins Rental Housing Act, his office said.

The bill would allow cities to apply rent stabilization measures to rental units that are more than 10 years old, which would include units built in Santa Monica between 1995, when Coasta-Hawkins took effect, and 2009.

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