California voters have defeated a ballot question that would have allowed local jurisdictions to expand rent control or create new rent control laws on most housing types.
The measure, Proposition 21, had support of roughly 40% of voters. It was the second time in consecutive election cycles that voters shot down a statewide rent control referendum. Real estate developers and Gov. Gavin Newsom opposed the measure.
Another question impacting commercial real estate, Proposition 15, was losing as of Nov. 5, but the outcome was considered too close to call. This measure would amend the state constitution to allow commercial and industrial properties to be taxed at market value rather than the purchase price.
In San Francisco, Proposition H, a measure to streamline the permitting processes for new businesses and allow existing restaurants/retailers to change business models and storefronts was approved. Proposition I, a question to increase the transfer tax on property sales valued at $10 million or more with funds to go toward affordable housing, appears to have passed.
Related Stories
Codes and Standards | May 17, 2021
Latest Manual on Uniform Traffic Control Devices criticized for not considering bikes, pedestrians
More than a dozen advocacy groups want feds to start over.
Codes and Standards | May 13, 2021
LEED-certified federal buildings don’t use less energy than average
May be due to trade-offs on how score is developed.
Codes and Standards | May 12, 2021
White paper examines how to reduce pathogen transmission in ventilation
Pressure barriers and airflow distribution can be effective in existing buildings.
Codes and Standards | May 11, 2021
Pressure builds on White House to rein in cost of lumber
Spike in prices has added nearly $36,000 to price of average new home.
Codes and Standards | May 11, 2021
Residential codes should be upgraded to protect from cooking pollutants
Report examines ventilation standards, calls for increased public awareness of issue.
Codes and Standards | May 6, 2021
Blue roofs can provide relief to overwhelmed stormwater systems
Benefits most evident in industrial commercial areas.
Codes and Standards | May 5, 2021
Majority of schools took steps to improve air quality during pandemic
Districts still have unmet needs, face high costs and outdated building infrastructure.
Codes and Standards | May 4, 2021
Cost to keep Miami dry over next few decades is $4 billion
Rising seas demand big investment.
Codes and Standards | May 3, 2021
Fire stops critical to preserving three-decker housing
Old multi-family structures continue to provide badly needed homes in urban zones.
Codes and Standards | Apr 29, 2021
Dept. of Energy publishes energy savings analysis for ANSI/ASHRAE/IES Standard 90.1-2019
More than 4% savings for commercial buildings found for the updated code.
