Rent control law could hit Assembly floor in January

Rent control law could hit Assembly floor in January

Rent control has been called both a magic bullet in the fight against California homelessness, and a red herring that will make development impossible. The Costa-Hawkins Rental Housing Act in 1995 prohibited local governments from creating their own rent control laws on new single-family homes and apartment buildings, but that could soon be a thing of the past.

Assembly Bill 1506, authored by Assembly Member Richard Bloom (D-Santa Monica), will have its first hearing on Jan. 11 next year. If passed, it will repeal Costa-Hawkins and enable local governments to control prices on new buildings for the first time since 1995.

Read more at our sister publication, The Hub.

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