Senator Aisha Wahab (D-Fremont) has introduced SB 466 to repeal Costa-Hawkins.
The Costa-Hawkins Rental Housing Act is a California state law that limits the ability of local governments to enact rent control. Specifically, it exempts certain kinds of residential rental properties from rent control ordinances and allows rental housing providers to reset the rental rate on rent-controlled rental units when they become vacant or when the last rent-controlled tenant no longer permanently resides at the unit.
SB 466 comes on the heals of a proposed initiative measure, the Justice for Renters Act, that also repeals Costa-Hawkins and is slated for the 2024 ballot.
In response to the legislation, CalRHA President Earle Vaughan issued the following press statement linked here, with more to follow as CalRHA’s Legislation Action Committee takes a formal position on SB 466 (Wahab) in the upcoming weeks.
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