AB 1506, introduced by Assembly Members Bloom, Chiu, and Bonta (and coauthored by Senator Allen), as written, would repeal Costa-Hawkins. Repeal! Here is the language of the bill:
The Costa-Hawkins Rental Housing Act prescribes statewide limits on the application of local rent control with regard to certain properties.
This bill would repeal that act.
No proposed changes, no suggestions to fix any parts that may not be working. Simply repeal the act.
This could not come at a worse time. Let’s forget all the rhetoric that usually surrounds rent control and focus on one thing: Housing Supply! At a time when local and state governments are trying to address a severe housing shortage and proposing ways to streamline development and incentive construction, why would these legislators seek to reinstate a policy that is known to discourage construction? That is not rhetorical. Really, can someone answer this for us? According to a January 2017 report from the California Department of Housing & Community Development, “Production averaged less than 80,000 new homes annually over the last 10 years, and ongoing production continues to fall far below the projected need of 180,000 additional homes annually.”
Even if rent control is in place everywhere in the state, it does nothing to provide the additional housing units that are so desperately needed. People without housing will be even worse off as those already lucky enough to have a rent-controlled home will not move. Remember, rent control is based purely on luck, not need. One need only to look at New York and the famous people who have taken advantage of rent-controlled units over the years.
SDCAA and our team of lobbyists in Sacramento are already reaching out to the authors of this bill. Rent control is a core policy issue for SDCAA and the association is poised to opposed this bill…strongly. We will likely need your help. Click here to sign up for advocacy center. SDCAA will send you updates on this bill and others, as well as important “Calls-to-Action” when you’re needed to contact your legislators. More to come…