Law returns decision-making process on whether to enact rent control measures to local jurisdictions, communities, and local elected officials. It does not mandate or require rent control anywhere in California, but simply allows local communities to decide what’s best for them.
Over the last several months, the real estate industry has shelled out nearly $84 million in campaign cash to kill California’s Proposition 21, the November ballot initiative that will limit unfair rent increases and preserve affordable housing. The big question now is: will corporate landlords such as Essex Property Trust, Equity Residential, and Blackstone Group spend $100 million to try to stop the statewide initiative?
Prop 21 puts limits on unfair, sky-high rent increases, reins in corporate landlord greed, and prevents homelessness. Top experts at USC, UCLA, and UC Berkeley agree that sensible rent limits are key for stabilizing California’s housing affordability crisis. The need for stable, affordable housing