Possible repeal of Costa-Hawkins Act could roll back rents to 1978 rates.

The 1995 Costa-Hawkins Rental Housing Act is a California law that limits cities’ ability to impose rent control. Santa Monica is one of 15 cities in the state with rent control policies that are curtailed by this act. A statewide initiative on the 2018 ballot, however, seeks to repeal the Costa-Hawkins Act. If voters approve this repeal, rents in Santa Monica will be rolled back to 1978 rates.

Read More: https://smmirror.com/2018/06/safeguard-against-rent-control-chaos/