What You Need To Know About the Rent Control Measure

The Affordable Housing Act which was presented by Assembly members Richard Bloom and David Chiu as AB 1506, died in the Assembly’s housing committee earlier in the month.  Now a new proposed ballot measure plans to repeal the 1995 Costa-Hawkins Rental Housing Act. Costa-Hawkins Act, the state law which more directly effects 5 of the 15 California cities with rent control, applies to large housing developments built prior to 1995 and does not include single-family homes, condos, and duplexes.

Currently, in these markets, the landlord has the right to raise rents upon a tenant moving out and second, prevents the capping of rent on units constructed after February 1995.  In Los Angeles City, rent control is applied to units constructed prior to October 1979, under the Rent Stabilization Ordinance, and yearly increases are capped at 3% to 8% (as set by the Rent Control Board) for the controlled units.