DID YOU KNOW- By Dennis Block

New Requirements under Statewide Rent Control As you might be aware, certain residential income property is exempt under AB 1482. This includes properties which received a Certificate of Occupancy within the last 15 years. In addition, Single Family Residences, Townhomes and Condominiums are exempt unless title is held in a corporation or a real estate…

Rising Rent Control Leading to Falling Development and Investment By – the National Multihousing Council

WASHINGTON, D.C. — An increasing number of jurisdictions recently have imposed rent control or are seriously considering doing so, leading many market participants to reconsider their investment decisions, according to the NMHC’s Quarterly Survey of Apartment Market Conditions, conducted in October 2019. Rent control legislation is continuing to expand with 58 percent of respondents saying that…

The High Cost of Rent Control – Part I By – the National Multifamily Housing Council

That rent control is an ineffective and often counterproductive housing policy is no longer open to serious question.  The profound economic and social consequences of government intervention in the nation’s housing markets have been documented in study after study over the past twenty-five years.  In response to this hard-earned experience, states and local jurisdictions from…

Statewide Rent Control: The Battle Continues by – Noni Richen, President, SPOSF/SPOSFI

Our united organizations have continued our fight against Assembly member David Chiu’s assault on the California housing supply through his AB 1482 statewide rent and property control legislation. Our lobbyists have worked to implement changes to the proposed law, with limited success. For example, the original version exempted some small properties that are owner-occupied and…

The New Prop. 10: Rent Control Could Be On State Ballot Again In 2020 by – Gideon Kramer, SPOSFI News Editor

Prop. 10’s defeat in the 2018 election has not dampened enthusiasm for a statewide rent control measure. Despite the resounding defeat of Prop. 10 in last November’s election—the initiative lost in all but one of the state’s 58 counties, with only San Franciscans giving it majority support—original sponsor Michael Weinstein and his Los Angeles-based AIDS…