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
Superintendent Austin Beutner with Normont Elementary School (LAUSD)
LA Unified School District explores affordable housing development for employees
LA Unified School District explores affordable housing development for employees
(iStock)
LA County is short 500K affordable rental homes
LA County is short 500K affordable rental homes
(Azure Development, Weingart Center)
Weingart Center’s latest affordable complex snags bond funding
Weingart Center’s latest affordable complex snags bond funding
Google CEO Sundar Pichai and renderings of the project (Getty, Google)
Google gets go-ahead to build mega-campus
Google gets go-ahead to build mega-campus
Joel Singer (California Association of Realtos)
California Association of Realtors CEO to retire
California Association of Realtors CEO to retire
California Governor Gavin Newsom. (Getty)
California to speed up environmental reviews for resi projects
California to speed up environmental reviews for resi projects
(iStock)
Rent prices will keep rising in suburbs: USC report
Rent prices will keep rising in suburbs: USC report
A rendering of the project and an aerial view of the development site (WPH Holdings, Google Maps)
WPH Holdings plans another affordable complex in Sun Valley
WPH Holdings plans another affordable complex in Sun Valley
arrow_forward_ios

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

Loading...