EFFORTS TO REPEAL COSTA- HAWKINS
Posted on August 16, 2018 at 6:07 pm | Uncategorized
Assemblymen Richard Bloom, D-Santa Monica authored AB 1506, which would repeal Costa-Hawkins (allows decontrolling a vacancy to bring the rent to current market value after a tenant has vacated.
The bill would in essence curtail development of affordable housing in Los Angeles by applying rent control to new construction.
Debra Carlton, senior vice president of public affairs at CAA was quoted in a recent LA Time article as saying “We certainly appreciate the fact to move the bill and make it a two-year bill. Rent control builds no new housing and that has to be our focus in the Legislature.”
Source: California Apartment Association – April 6, 2017