California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

California  + Apartments  | 

Bill to Expand California Rent Control is a Nonstarter

The California Apartment Association (CAA) announced that a legislative proposal to broaden the scope of rent control in California has been halted. SB 466 by Sen. Aisha Wahab (D-Hayward), sought to modify the Costa-Hawkins Rental Housing Act, which sets parameters for the implementation of local rent control ordinances by cities and counties. However, the bill failed to get a legislative hearing before the deadline.

Specifically, the bill aimed to enable local governments to apply rent control to a wider array of housing types, including single-family homes, condominiums and apartments older than 15 years. CAA said it played a pivotal role in stopping the progress of the proposal.

“Despite the cessation of SB 466, challenges to the Costa-Hawkins Act remain at play,” according to CAA. Notably, the “Justice for Renters Act,” an initiative that has qualified for the fall 2024 ballot, seeks to fully repeal Costa-Hawkins. The association urged rental property owners and industry stakeholders to help defeat the initiative.

Register today for Connect Phoenix Multifamily & Single-Family Build-to-Rent, scheduled for April 18 at the Westin Kierland Resort & Spa, Scottsdale, AZ.

Connect

Inside The Story

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Policy/Gov't
New call-to-action
New call-to-action
New call-to-action
New call-to-action