Millions of Californians would receive new protections against large rent increases under an agreement announced late Friday by Gov. Gavin Newsom and legislative leaders.
The deal, which needs the approval of the Legislature in the next two weeks, would cap rent increases statewide at 5% plus inflation per year for the next decade, according to Newsom’s office. The legislation, Assembly Bill 1482, would also include a provision to prevent some evictions without landlords first providing a reason.
Culver City approved a temporary rent control measure early Tuesday morning, joining a handful of other Southern California cities that have boosted tenant protections as the state grapples with an affordability crisis.
The Sacramento City council passed a rent control measure Tuesday night. Mayor Steinberg pushed the ordinance as a way to deal with rising rent and a lack of affordable housing in the area that’s causing a homeless crisis. Renter Rogina Engebretsen was glad to see Sacramento City Council pass the Tenant Protection and Relief Act, which will limit rent increases to no more than six percent each year plus inflation, with a cap at 10%.
California’s charter lobby remains fiercely opposed to far-reaching reforms found in a state Assembly bill. If some public schools advocates have been less than enthusiastic about Governor Gavin Newsom’s attempts to dilute charter school reform legislation, the governor shouldn’t expect any gratitude from California’s charter lobby.
Audrey Jenkins’s apartment isn’t fancy or large. Though she’s had mold and leaks, her place is tidy and packed with almost two decades’ worth of mementos from a full life.
SACRAMENTO — In a dramatic victory for tenant advocates, the California Assembly narrowly passed a statewide rent-cap proposal on Wednesday night amid mounting pressure for lawmakers to protect renters from the steepest of increases in a hot rental market.
“Everyone hates SB 50—everyone hates it,” said California state Sen. Scott Wiener at a recent forum on the state’s housing crisis. “You hear people getting upset about it, yelling about it, coming down to City Hall and yelling.” Flanked by real estate developers and housing rights advocates, Wiener, a Democrat who represents San Francisco, had come to discuss his ideas for solving the problem—which meant talking about the heated reaction to his signature piece of legislation, Senate Bill 50—the housing bill Californians seem to love to hate.
Elizabeth Warren took aim last week at another pillar of Wall Street's empire: the rental housing market. In a portion of her updated version of her ambitious 2018 housing bill, Warren proposed a check on the unregulated takeover of rental housing by the country's biggest investment firms. Instead of allowing Wall Street-backed developers to flip any distressed and foreclosed mortgage into a single-family rental unit, her bill would require the government to help keep the majority of these homes in the possession of individuals, community groups, and affordable-housing developers by setting aside a supply of mortgages that Wall Street can't touch.