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Proposition 33, titled Expands Local Governments’ Authority to Enact Rent Control on Residential Property, and also marketed as the "Justice for Renters Act", was a California ballot proposition and initiative statute in the 2024 general election that would have repealed the Costa–Hawkins Rental Housing Act and allowed localities to enact ...
California Attorney General Rob Bonta issued a consumer alert on Friday to inform renters about new caps on how much landlords can increase rent that recently went into effect.
Rent control laws define which rental units are affected, and may only cover larger complexes, or units older than a certain date. To attempt to not disincentivise investment in new housing stock, rent control laws often exempt new construction. For example, San Francisco's Rent Stabilization Ordinance exempts all units built after 1979. [63]
Costa-Hawkins is the key state legislation which serves to guide the operative provisions and practice of rent control in California. [58] Yet it is the local governments, for the most part the cities, which actually write and adopt the specific rent control laws.
According to research conducted by the National Multifamily Housing Council (NMHC), many major cities across the United States do have rent control laws -- even if these laws aren't fully ...
Santa Ana, California, limits annual rent increases to 3% for any apartments built before 1995, which is below the state’s rent control cap of 5% plus local inflation.
Proposition 33 would repeal a 1995 law called the Costa-Hawkins Rental Housing Act, which generally prohibits local governments from limiting rental rates as issued by landlords.
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