Amid a tense battle over rent control in California, real-estate interests are writing big checks to defeat a November ballot measure that would give cities more power to regulate what landlords can charge tenants — and the initiative’s backer responded this week with a $10 million cash infusion.

“We know we will be significantly outspent by the opposition, backed by deep-pocketed developers and investors who continue to wreak havoc in the housing markets,” AIDS Healthcare Foundation President Michael Weinstein wrote in a news release Tuesday.

Read More: https://www.mercurynews.com/2018/08/08/big-money-pours-into-californias-rent-control-initiative/