If at first…Revamped rent control question could hit ballot in 2020

The effort comes after California voters soundly rejected Proposition 10 in November

Los Angeles /
Apr.April 23, 2019 11:00 AM
Michael Weinstein (Credit: iStock)

Last November, California voters handed a stinging defeat to Proposition 10, the initiative that would have opened the door to rent control statewide. Now, as affordability issues continue, the same force behind the failed ballot measure is hoping for a second chance.

AIDS Healthcare Foundation is proposing a new measure that would greatly expand the number of properties that eligible for rent control, much like Prop 10 tried to, according to Curbed. The group is hoping to garner enough signatures for the November 2020 ballot.

The new initiative would allow any residential property that was built as late as 2005 to qualify for rent control. That’s a stark contrast from the current law in Los Angeles, which prohibits rent caps only on buildings constructed before October 1978.

The new proposed measure would also give local cities and counties greater flexibility in applying rent control rules. It will aim to be less confusing to voters than Prop 10, which emphasized eliminating the state’s Costa Hawkins Rental Housing Act rather than focusing on affordability issues, according to AIDS Healthcare’s Michael Weinstein.

Real estate developers and other businesses spent more than $100 million to fight Prop 10, making it one of the most expensive campaigns in state history. Supporters, meanwhile, contributed about $25 million combined — most of which was led by Weinstein’s foundation. [Curbed]Natalie Hoberman


Related Articles

arrow_forward_ios
Jeffrey Jaeger and the Villa Raymond Apartments (Google Maps)

Standard Companies buys Pasadena senior housing, plans fix-up

Standard Companies buys Pasadena senior housing, plans fix-up
(iStock)

And the winner is … real estate: Cali’s industry cleaned up on Election Day

And the winner is … real estate: Cali’s industry cleaned up on Election Day
Michael Schall of Essex Property Trust and Michael Weinstein of AIDS Healthcare Foundation

“Don’t let the zombies eat your brain.” Prop 21 opponents spend nearly $100M to campaign against rent measure

“Don’t let the zombies eat your brain.” Prop 21 opponents spend nearly $100M to campaign against rent measure
At left, AIDS Healthcare Foundation’s Michael Weinstein, who pushed to get Proposition 21 on the Nov. 3 ballot; and Daniel Yukelson of the Apartment Association of Greater Los Angeles, which opposes the measure. (Getty; Unsplash)

Everything you need to know about Prop 21 Rent Affordability Act

Everything you need to know about Prop 21 Rent Affordability Act
Weingart towers

LA approves $200M in bonds for affordable housing projects

LA approves $200M in bonds for affordable housing projects
Stephen Schwarzman, Gavin Newsom, and Michael Weinstein (Credit: Roy Rochlin/Getty Images, Justin Sullivan/Getty Images, and Tommaso Boddi/Getty Images)

The fine print: Three California ballot measures that would rock real estate

The fine print: Three California ballot measures that would rock real estate
The development site for the planned 207-unit complex (Credit: Google Maps)

Mapleton Properties plans 207-unit complex in Palms

Mapleton Properties plans 207-unit complex in Palms
City Controller Ron Galperin( Credit: Ron Galperin/Wikipedia)

LA controller finds just 228 homeless housing units built with $1.2B bond

LA controller finds just 228 homeless housing units built with $1.2B bond
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...