This year, California voters may get to decide whether cities should be able to enforce stronger rent control. Proponents claim to have enough signatures to see the measure reach the ballot come June.
The measure is largely funded by the AIDS Healthcare Foundation's "Housing is a Human Right" and tenants' rights groups throughout the state. The measure seeks to repeal the Costa-Hawkins Rental Housing Act, which curtailed the types of housing covered and prevented cities from strengthening rent protection. Current rent control laws are prevented from including single-family residences, townhouses, condos, and duplexes. All units built after 1995 are also exempt.
Proponents say they have more than 588,000 signatures - more than 220,000 over the 365,880 needed. Opponents, however, claim this measure, if passed, will do just the opposite of what it seeks to accomplish. They fear it will result in an "affordable housing freeze," stymieing new construction across the state, thus, further contributing the current housing crisis.
Author:Kurt Galitski DRE 01348644 Phone: 714-957-6677 Dated: May 15th 2018 Views: 157 About Kurt: After 15 years of founding and running a successful boutique real estate office in Costa Mesa as a l...
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