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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Renters Act", was a California ballot proposition and initiative statute in the 2024 general election that would have repealed the Costa–Hawkins Rental Housing Act and allowed localities to enact ...
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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.
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.
In 2018, 2020, and 2024, the AHF spent tens of millions of dollars running ballot initiatives that would have repealed state-level rent control limitations and given California municipalities a ...
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]
While many cities in California raised rents to record-breaking highs in 2022, the state of California does have statewide rent control caps. City specific laws extend to cities in Northern and ...
A city may later discontinue its rent control, e.g., Santa Rosa voted to repeal its new rent control law in 2017. [122] [123] [124] This survey was completed circa October 2018. Since the severe economic consequences of the COVID-19 pandemic, city councils have adjusted to the changed circumstances. Especially, the State of California has ...