A California bill aimed at applying rent control across the state is set to receive its first hearing in the state Senate. The Senate Judiciary Committee will consider AB 1482 by Assemblyman David Chiu, D-San Francisco on July 9th.
The proposed bill would apply rent control to all types of housing in every city and county in California. The bill surfaced despite the overwhelming defeat of Proposition 10, a statewide rent control bill on last November’s ballot.
The California Apartment Association remains opposed to the bill, despite several amendments promised by Chiu, including:
– Increasing the annual cap on rent increases from CPI plus 5% to CPI plus 7%, the same cap adopted by Oregon.
– Exempting owners with 10 or fewer single-family homes.
– Sunsetting the bill in three years, but with the option to renew.