Request to gather signatures for the ballot initiative: Affordable Housing Act

Section 2. Findings and Declarations. 

1) A major factor in California's housing crisis is a 20-year-old law known as the Costa-Hawkins Rental Housing Act. Costa-Hawkins gives permission to landlords of residential apartments and houses to raise rents as much as they want in buildings built after 1995; despite local laws that would otherwise prohibit such increases, landlords in Los Angeles can raise rents as much as they want on buildings built after 1978 and in San Francisco, on buildings built after 1979.

m) Costa-Hawkins also allows a landlord to raise the rent in any building built before 1995 to the market value when it becomes vacant, and lets the landlord decide what market value is. 

n) Costa-Hawkins prevents cities from implementing laws that keep rents affordable for their residents. 

Section 3. Purposes and Intent. 

c) To repeal the Costa-Hawkins Rental Housing Act. 

Read More: https://oag.ca.gov/system/files/initiatives/pdfs/17-0041%20(Affordable%20Housing)_0.pdf

AND

https://la.curbed.com/2017/10/23/16526384/costa-hawkins-rent-control-ballot-measure-initiative

AND 

http://www.latimes.com/politics/essential/la-pol-ca-essential-politics-updates-rent-control-in-california-could-expand-1508785237-htmlstory.html