Expands Local Governments’ Authority To Enact Rent Control On Residential Property. Initiative Statute.
Repeals state law that currently restricts the scope of rent-control policies that cities and other local jurisdictions may impose on residential property. Fiscal Impact: Potential net reduction in state and local revenues of tens of millions of dollars per year in the long term. Depending on actions by local communities, revenue losses could be less or considerably more.
Proposition 10 would give cities the ability to expand rent control, including potentially to more buildings. It would do that by repealing the Costa Hawkins Rental Housing Act, a state law that limits how cities can apply rent control.
Right now, in the city of Los Angeles, for example, only buildings constructed before 1978 are rent controlled under Costa Hawkins.
Costa Hawkins passed in 1995; at the time, Sacramento Bee columnist Dan Walters referred to it as an “anti-rent control law.” There are three main ways it softens rent control.”