California Is One Step Closer to Statewide Rent Control


California Is One Step Closer to Statewide Rent Control

2019-07-12T16:11:56-07:00July 12th, 2019|Uncategorized|

In May, a half-dozen bills aimed at alleviating California’s housing affordability crisis were killed in the Senate, in what has been called the “the worst month in California’s housing policy history.” Yesterday, one of the few stragglers that survived, “anti-rent gouging bill” AB 1482, cleared the Senate judiciary committee. If passed, it would expand “just cause” eviction protections and add California to a growing list of states with statewide rent control laws. Here’s a quick breakdown of how the bill would work, who’s for it and against it, and what it would mean for L.A.

What would the bill do?

The bill would restrict landlords from raising rents by more than 7 percent plus the Consumer Price Index (which averages about 2.5 percent in the state), so about 10 percent a year. Originally, the bill would have capped rent hikes at 5 percent, but an “11th hour handshake deal” between lawmakers and the California Association of Realtors resulted in several amendments.

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