The California Apartment Association (CAA) declared victory after opposing SB 466, legislation that sought to expand rent control to tens of thousands of rental units across the state. The measure, introduced by Sen. Aisha Wahab, failed to gain enough votes for State Senate approval.
Under the existing Costa-Hawkins Rental Housing Act, new rental housing is shielded from local rent control ordinances; however SB 466 proposed two systems of rolling dates based on when rent control was adopted locally in order redefine “new housing” eligibility for local ordinances. This change would have resulted in a 28-year rolling date becoming eligible for local rent control jurisdictions post 1995 passage of Costa-Hawkins according to CAA’s statement.
In its opposition against this bill, CAA highlighted potential confusion and uncertainty that could arise due bifurcated formulas and shifting eligibility dates which would further burden landlords operating within already challenging markets conditions throughout California .
