BAGB
March 16, 2019, 9:03pm
45
You underestimated the bad politicians. David Chiu will keep SF’s rent control in place, but will introduce statewide rent control to South Lake Tahoe and Sacramento.
“ Lawmakers on Thursday announced a package of rental housing legislation that would cap rent increases statewide and allow local governments to apply rent control to single-family homes and 10-year-old construction.
CAA’S RESPONSE
Click here for a PDF of the news release CAA issued in response to Thursday’s announcement of rent control bills.
The housing package also will include a “just cause” for eviction measure, as well as a statewide rental registry, the legislators said during a press conference and through a news release .
Although lacking detail at present, AB 1482 by Assemblyman David Chiu, D-San Francisco, will cap annual rent increases based on the rate of inflation plus a yet-to-be-determined figure, the press release says, and would not supersede existing local rent control laws.
AB 36 by Assemblyman Richard Bloom, D-Santa Monica, also is light on detail, however, the press release says it would allow local governments to cap rents on single-family residences and on co…
aalj:
Statewide rent control may actually benefit places like SF. SF rental housing prices already factor rent control into the mix. If Statewide RC takes effect, it is likely to be less restrictive than SF-specific RC where rent increases can only be a fraction of CPI. The allowable rent increase for statewide RC is likely going to be higher than CPI.