11/19/2023 0 Comments Poe raise spectre movement speed cap![]() ![]() “The people of California need policies that keep them in their homes and they need them now,” said Assemblyman Tim Grayson (D-Concord), a coauthor of the bill. Some 9.5 million renters - more than half of California’s tenant population - are burdened by high rents, spending at least 30% of their income on housing costs, according to a recent estimate by UC Berkeley’s Haas Institute for a Fair and Inclusive Society. Research by the Terner Center and others has found that the bill would not affect the majority of rent increases in the state but could limit substantial, one-time rent hikes while the state is mired in a deep housing affordability crisis. A landlord who wants to convert a building to condominiums or make substantial renovations to units could evict tenants but would have to pay relocation assistance equal to one month’s rent. The bill also limits the ability of landlords to evict tenants without documented lease violations after a renter has lived in an apartment for a year. The cap does not apply to apartments built within the last 15 years or single-family home rentals unless they’re owned by corporations or institutional investors. But more than 2 million additional apartments in those cities and elsewhere in California will be covered by some limitation on annual rent increases, according to an estimate by UC Berkeley’s Terner Center for Housing Innovation. The legislation does not change the rules for tenants already under rent control rules in Los Angeles, San Francisco and other cities across the state. “This bill is an end-run by the author because the proposition for rent control failed,” Assemblywoman Melissa Melendez (R-Lake Elsinore) said. Opponents of AB 1482 said the bill’s primary author, Assemblyman David Chiu (D-San Francisco), was going against the will of the voters. The bill’s passage came less than a year after California voters decisively rejected a ballot initiative that would have allowed cities and counties to impose much stricter versions of local rent controls. But it does contain some stronger provisions that are not included in California’s legislation, such as limits on how much landlords can increase rents when new tenants move in. New York’s plan doesn’t automatically apply to every community in the state, unlike California’s statewide bill. The rent cap will be more restrictive than Oregon’s - though Oregon’s doesn’t expire after 10 years as California’s does. The bill makes California the third state to advance comprehensive limits on rents this year, following Oregon and New York. In his statement, Newsom called the measure “the strongest package in America” of renter protections. More than a dozen Democrats voted no or abstained from the measure, and no Republicans voted in favor. The measure passed after an hourlong debate in the Assembly with lawmakers weighing whether the bill would help or hurt the state’s housing affordability problems by either protecting vulnerable tenants or making it less attractive to build new homes. ![]()
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