Lawmakers seek asolution to the state's struggles with affordable housing andhomelessness.
SACRAMENTO—California lawmakers sent governor Gavin Newsomlegislation yesterday capping rent increases as the state struggleswith an affordable housing and a homeless crisis. Assembly membersvoted 46-22 to limit annual rent increases at 5% plus inflation.The cap expires in 2030 and would not apply to housing built withinthe last 15 years and single-family homes not owned by corporationsor trusts. Also exempt are duplexes where the owner lives in oneunit.
Tenant Protection Act of 2019, AB 1482, as amended:
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
