
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.
- ◦Policy/Gov't