Graham said she and her son became homeless for three years while she was working and going to college. When she was able to scrape together the additional money, the landlord evicted her. Sasha Graham of the Alliance of Californians for Community Empowerment, an advocacy group for low-income renters that was a key supporter of the bill, told the crowd at the signing event on Tuesday that five years ago she faced a $1,000-a-month rent hike at a Richmond apartment she had been living in for a decade - an increase of more than 150%. An analysis of rental listing data by real estate website Zillow found about 6.7% of the properties statewide in the company’s database last year were subject to rent increases that exceeded the cap. While the new law allows for rent increases that are much higher than average wage growth, renter advocates argue it will prevent sudden surges at levels that could drive people from their homes. 1, also prohibits landlords from evicting tenants who have lived in an apartment for a year without proof of documented lease violations.Ībout 2.4 million California households will be affected by the new rent cap in addition to those who live in single-family home rentals that meet the law’s requirements, according to an estimate by UC Berkeley’s Terner Center for Housing Innovation. Tenants in buildings constructed between that time and 2005 will see any increases to their rent capped under the new law. In Los Angeles, for instance, rent control limits increases to about 3% or 4% per year for those living in apartments built before October 1978. But the new rules extend protections for renters living in newer complexes in cities with rent control. Limits on rent increases will not change for those currently living in rent-controlled apartments. The rent cap will not apply to apartments built within the last 15 years or single-family home rentals unless they’re owned by corporations or other institutional investors. There are a number of exceptions to the law’s new rules. Eleven percent of adults in the same poll said housing costs and availability was the top problem. A recent poll by the nonpartisan Public Policy Institute of California found that 15% of adult residents cited homelessness as the state’s most pressing issue, tied for first with the economy. And many other Californians are feeling the effects of the housing crisis. Some 9.5 million renters - more than half of California’s tenant population - are burdened by high rents, spending at least 30% of their income on housing costs, according to a recent estimate by UC Berkeley’s Haas Institute for a Fair and Inclusive Society. Newsom, who opposed that initiative, subsequently called on lawmakers to pass measures that would provide some stability for tenants, leading to Tuesday’s action. The law’s signing also comes less than a year after California voters decisively rejected a ballot initiative that would have allowed cities and counties to impose stricter rent controls in their communities. New York legislators boosted existing rent controls in New York City and allowed other communities in the state to implement the policy.
IS THERE A STEAM REFUND CAP PLUS
Oregon approved a statewide rent cap of 7% a year plus inflation, but unlike California, its law won’t expire in 10 years. Had the rent cap been in place this year, rent increases in the Los Angeles area would be limited to 8.3% while those in San Francisco would have been capped at 9%.Ĭalifornia is the third state to have passed a significant expansion of renter protections this year. Under the new law, most yearly rent increases over the next decade will be limited to 5% plus inflation and tenants will receive protections against being evicted without cause. “The fact that we are leading the nation in trying to meet this moment is a point of pride.”
“This is a profoundly important moment,” Newsom said while surrounded by lawmakers and tenant advocates at a signing ceremony in Oakland. The governor hailed Assembly Bill 1482 as the nation’s strongest statewide renter protection measure, saying that tenants deserved relief from the state’s soaring housing costs, which have threatened the ability to stay in their homes. The new protections come as high rents burden nearly 10 million tenants in California and major metropolitan regions have seen double-digit increases in their homeless populations. Gavin Newsom signed legislation on Tuesday capping annual rent hikes for the next decade. Californians will for the first time have new safeguards against large rent increases after Gov.
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