When passed, the Rental Affordability Act will remove current restrictions in state law, giving cities and counties the power to implement and expand rent control policies that limit how much rents can increase each year. It would allow local communities to:
- Expand rent control to more buildings while exempting newly constructed buildings.
- Exempt Single-Family homeowners who own up to two homes.
- Allow limits on rent increases when a new renter moves in.
Read More: https://www.businesswire.com/news/home/20200202005037/en/California's-Rental-Affordability-Act-Heading-November-Ballot!