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California’s rent control ballot measure triggers $24M fundraising battle

08/09/2018 7:06 AM | Margaret Fulton (Administrator)

Real estate investors and other opponents of a ballot measure that would allow California cities to expand rent control have raised more than $21 million since the beginning of the year—far outpacing supporters.

But a massive donation from the measure’s primary backer, the Los Angeles-based AIDS Healthcare Foundation, could help even the score.

Last week, AHF, which has poured tens of millions of dollars into campaign financing for ballot initiatives in recent years, announced that it would contribute $10 million to the campaign to support the measure. That nearly quintuples the $2.5 million raised by supporters to this point.

Read More:  https://la.curbed.com/2018/8/7/17660820/california-rent-control-costa-hawkins-spending


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