Costa-Hawkins State Assembly Hearing
A bill by Assemblypersons Richard Bloom (D-Santa Monica), David Chiu (D-San Francisco), and Ron Bonta (D-Alameda) was voted on in the State Assembly on January 11, 2018. The proposed legislation sought to repeal the Costa-Hawkins Rental Housing Act. The Act protects residential landlords by putting restrictions on local rent control laws by not allowing rent regulations in cases such as new construction, single family homes, and vacant units.
The defeat of AB 1506 is a major victory for residential landlords in California. The Act was passed in 1995 to protect property owners from lawmakers passing laws that hurt small landlords and discouraged the creation of new housing. However, tenant advocates have threatened a ballot initiative in November which would also seek the repeal of the Act.
Thank you to all of you who travelled to Sacramento to voice their objection to any repeal of the Costa-Hawkins Rental Housing Act.
Copyright © 2018 by Fried & Williams LLP. All Rights Reserved. The information in this article is general in nature and should not be considered legal advice. For any specific matter, please consult with an attorney.