Newsom Voices Support for Rent Increase Caps

With the Culver City Council meeting of August 12, 2019 set to take on a formal stand on the proposed Rent Increase Moratorium, the city is talking. Meanwhile, Sacramento is in agreement. An effort to cap annual rent increases in California got more attention on Wednesday, August 7 when Gov. Gavin Newsom applauded the idea, and even hoped to ‘take it up a notch.’

“I’m hopeful … that I will get on my desk in the very near term a rent cap bill because it is long overdue in the state of California,” Newsom said at a Wednesday event in Los Angeles, according to the Los Angeles Times.

Assembly Bill 1482 from Assemblyman David Chiu (D-San Francisco), which is pending in the state Legislature, would limit annual rent increases statewide to 7% plus inflation for the next three years. It would also, over the same period, prevent landlords from evicting their tenants without first providing a reason. The bill would not apply to apartments built within the last decade and, in most cases, to single-family home rentals.

The governor said he wanted to see stricter controls for tenants placed in the bill.

“I think we can take it another notch up,” Newsom said.

Last fall, an initiative that would have expanded rent control was defeated by nearly 20 percentage points following a $100-million campaign in which landlord groups dramatically outspent supporters. During his State of the State speech in February, Newsom said he would sign a package of bills to provide greater stability for renters if the Legislature passed them, but he did not specify what measures he hoped to advance.

 

www.culvercitysymphony.org

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