California Bill Expanding Rent Control Fails to Pass
The California Apartment Association claimed victory in opposing SB 466, legislation that would have authorized cities and counties to expand rent control to tens of thousands of rental units. The measure, introduced by Sen. Aisha Wahab, failed to garner the votes needed for State Senate approval.
While the existing Costa-Hawkins Rental Housing Act shields new rental housing from local rent control ordinances, SB 466 sought to redefine “new housing” by introducing two systems of rolling dates based on when rent control was adopted locally.
The change would have resulted in a 28-year rolling date to become eligible for local rent control ordinances in jurisdictions that adopted rent control after Costa-Hawkins passage in 1995, according to CAA.
“In its opposition, CAA zeroed in on the confusion and uncertainty that SB 466’s bifurcated formulas and shifting eligibility dates would create, further burdening landlords in already challenging rental markets,” according to a statement.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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).