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 | Feb 16, 2021
Bechtel joins international heat resilience organization
Experience designing resilience standards to aid effort to protect communities from extreme heat.
Codes and Standards | Feb 10, 2021
More than two-thirds of construction companies say COVID-19 has not impacted their ESOP
Half of survey respondents say 2020 project profitability decreased due to pandemic.
Codes and Standards | Feb 9, 2021
New Jersey approves new electric vehicle-ready home requirement
Homebuyers must be given option for charging station on new construction.
Codes and Standards | Feb 9, 2021
New California law removes barriers to residential development
Measure removes restrictions for ADUs in urban areas and master planned communities.
Codes and Standards | Feb 8, 2021
Alliance yields more accurate data for rating and certifying systems of construction materials
Crosswalk API offers trusted format to specify and procure healthier products.
Codes and Standards | Feb 4, 2021
2021 IBC requires automatic doors for entrances to public buildings
One door must be either a full power-operated door or a low-energy power-operated door.
Codes and Standards | Feb 3, 2021
Two new International Code Council online code tools released
Offer detailed information about global building code usage and U.S. adoptions.
Codes and Standards | Feb 2, 2021
Biden tells OSHA to bolster COVID-19 safety rules
Order could lead to a national playbook for fighting COVID-19 on jobsites.
Codes and Standards | Feb 1, 2021
Fenestration Alliance updates standard for mulled combination assemblies
Last updated in 2010, document describes procedures and requirements for air leakage, water resistance, and structural performance.
Codes and Standards | Jan 28, 2021
Natl. Fire Protection Assn. releases new energy storage system fact sheet
Comes as Biden Administration prepares ambitious clean energy agenda.