Tue. Oct. 27
Proposition 21 is the rent control overhaul that allows local jurisdictions to put rent control in place for all kinds of housing, including single family homes, condos and townhomes. This proposition would replace the Costa-Hawkins Rental Housing Act of 1995. Under Costa-Hawkins, landlords can raise rents after a tenant moves out, but Prop 21 would put a limit on how much they can raise the rent of a vacated unit to 15% over three years.
CVAR’s Local Government Relations (LGR) Committee hosts this Hot Issues Briefing to explain Proposition 21 and its impact on the real estate industry.