Does Anyone Win with New Rent Control Law?


Does Anyone Win with New Rent Control Law?

2019-10-21T16:57:31-07:00October 21st, 2019|Advocacy|

On October 8, 2019, California Governor Gavin Newsom signed a bill into law that will cap rent increases throughout the State. The law provides a cap of 5% plus the increase in the local CPI (consumer price index).

The bill’s lead author, David Chiu, was quoted by the Orange County Register upon the bill’s passage as saying, “Our bill ensures tenants are protected against rent gauging and predatory eviction while allowing landlords to make a fair rate of return without disincentivizing new construction.”

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