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Would Getting Rid of Costa Hawkins Provide More Affordable Housing?

02/07/2018 7:53 AM | Margaret Fulton (Administrator)

DEEGAN ON LA-Now that it’s been killed in committee, the attempt to repeal the Costa Hawkins Rental Housing Act, a state law that prohibits rent control in new housing constructed after 1995, moves the controversial subject from the hands and minds of state legislators to the voices and votes of the public through a prospective ballot initiative in November. 

Both pro and con forces are referring to the very relevant issue of what is “affordable” housing when arguing for and against Costa Hawkins. Those for rent control (and against Costa Hawkins) often can’t afford to rent where they want without rent controls in place, while those against rent control (and for Costa Hawkins to remain in place), can’t afford to make profits by owning buildings where rent control is enforced.

Read More: http://www.citywatchla.com/index.php/los-angeles-for-rss/14844-would-getting-rid-of-costa-hawkins-provide-more-affordable-housing

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