California's Anti-Housing Rent Control Measure Qualifies for Ballot

Kyle Chernetsky • August 3, 2023

A significant anti-housing measure with potential extreme rent control provisions is set to appear on California's November 5, 2024, general election ballot.

Supported by the AIDS Healthcare Foundation and its president, Michael Weinstein, the measure aims to repeal the Costa-Hawkins Rental Housing Act of 1995, a critical rental housing-protection law in California.

The "Justice for Renters Act," as it is called, has officially qualified for the ballot after initiative proponents successfully submitted over 600,000 valid voter signatures, surpassing the requirement for inclusion in the state's voters' decision. If approved, the measure would eliminate the Costa-Hawkins Act, granting local governments the power to impose strict rent control on newer apartments and single-family homes while lifting the state's ban on vacancy control.

Tom Bannon, the CEO of the California Apartment Association (CAA), expressed concern over the proposed repeal, warning that it could severely impact the construction of affordable housing, adversely affect homeowners and small landlords, and worsen the state's homelessness crisis. Under the measure, local governments would have the authority to set price controls for all property owners, including mom-and-pop landlords and homeowners renting their properties or rooms.

The proponents of the measure, including Michael Weinstein and the AIDS Healthcare Foundation, have consistently advocated for universal rent control across California's housing stock, without the exemptions seen in the California Tenant Protection Act of 2019 (AB 1482). Their stance includes opposing rent caps determined at the local level, irrespective of how extreme they might be. As an example, San Francisco has set a cap on rent increases at 60% of the Consumer Price Index (CPI) change, even during periods of minimal inflation.

Weinstein's efforts to repeal Costa-Hawkins through a ballot measure have been attempted twice before, both of which were rejected by voters with significant margins. Despite previous defeats, the coalition supporting the "Justice for Renters Act" remains determined to press forward with its agenda.

The CAA, along with other pro-housing groups, plans to stand in opposition to the measure, prepared to defend against the potential implications that could disrupt the rental housing market and property owners' rights. As the debate heats up in the coming months, Californian voters will have the critical task of deciding the future of rent control regulations in the state. Stay tuned for more updates and join us as we navigate the complexities of housing policies in California. Together, we can shape a housing market that balances the interests of renters, landlords, and the community at large.

< Older Post Newer Post >

Mail

How to Avoid Water Damage in Your Rental Property

By Kyle Chernetsky • February 6, 2025

Prevent costly water damage in your rental property with these essential tips from C&C Property Management. Learn how to identify and address issues before they become major problems.

Tax Season Tips for Landlords

By Kyle Chernetsky • February 5, 2025

Tax season can be stressful for landlords , especially when managing multiple properties, rental income, and deductible expenses. Staying organized and informed about tax rules is essential for minimizing tax liability and avoiding penalties. This guide provides practical tips to help landlords navigate tax season effectively and maximize available deductions. Understanding Rental Income and Expenses As a landlord, you must report all rental income you receive throughout the year. This includes rent payments, late fees, and any other charges tenants pay. Security deposits are only taxable if you keep them or apply them to unpaid rent or damages. In addition to reporting income, you can deduct many expenses related to your rental property. Common Deductible Expenses Mortgage Interest: The interest paid on your mortgage can be claimed as a tax deduction. Property Taxes: Annual property taxes are fully deductible. Insurance Premiums: This includes property insurance, liability insurance, and landlord-specific policies. Repairs and Maintenance: Expenses for fixing or maintaining your property , such as plumbing repairs or repainting, are deductible. Utilities and Services: If you pay for utilities or services like landscaping, you can deduct those costs. Property Management Fees: Fees paid to a property management company are eligible for tax deductions. Keeping track of these expenses is essential for claiming the correct deductions and minimizing your tax burden.

Tenant Estoppel Certificate

By Kyle Chernetsky • January 9, 2025

Discover the importance of tenant estoppel certificates for landlords. C&C Property Management provides insights to help protect your rental property investments.