On Friday, February 17, the last day for a bill to be introduced in the California State Legislature for 2017, Assemblymembers Bloom, Bonta and Chiu introduced AB 1506 a bill to repeal the Costa-Hawkins Rental Housing Act.  The Costa-Hawkins Rental Housing Act has been the law in California for over 20 years.  

The current law (1) exempts new construction built after 1995 from local rent control laws,(2)  exempts single family homes from any form of rent control, and (3) requires all local rent control laws to contain a “vacancy decontrol” provision.  

Should Costa-Hawkins be repealed, each city and county in California would have the ability to adopt rent control measures without any limitations.

From a timing perspective, we [CAA] anticipate that AB 1506 will be set for a hearing in the Assembly Judiciary or Housing Committee in late March.

Michael Millman will provide an update at the next Owners' meeting, March 6, 2017

Read the bill: http://files.constantcontact.com/e89db90b001/b3e9ede7-10ad-4725-aa33-0c006e97d40c.pdf