California legislators passed a bill that limits rent increases across the state to 5% plus inflation on apartments built at least 15 years ago.
Gov. Gavin Newsom is expected to sign the bill into law. The measure includes exemptions for owners who live with their tenants, and owners who live in one part of a duplex and rent out the other unit. Landlords will be allowed to raise rents to market rates when a tenant moves out.
The measure will have little impact on large cities such as Oakland and San Francisco, which already have rent restrictions, but it is expected to significantly affect places like the wealthy suburbs of the Bay Area. The law also includes eviction restrictions. Landlords will be prohibited from kicking out renters who follow the rules of their lease unless the owner is moving in, tearing down the residence, renovating it, or taking it off the rental market.
The California Association of Realtors and most of the state’s Republican lawmakers opposed the bill, saying it would decrease the value of rental properties and deter developers from building more housing. Democrats and renter advocacy groups said the measure is necessary to stem a serious homelessness crisis and help families anticipate rent increases.
Related Stories
Codes and Standards | Dec 14, 2016
Cities must invest $375 billion to avoid catastrophic global climate change
C40 Cities Climate Leadership Group advocates low carbon infrastructure.
Codes and Standards | Dec 14, 2016
Resilient construction techniques pay for themselves over lifetime of buildings
Spending $340,000 for resiliency would pay for itself over the lifetime of a $10 million structure.
Codes and Standards | Dec 12, 2016
Dept. of Energy launches program to advance zero energy school design
Six school districts and two states are among the first to mainstream zero energy schools.
Codes and Standards | Dec 9, 2016
California city’s plan for net zero building includes net zero water usage
Santa Monica city services building aims for highest level of sustainability.
Codes and Standards | Dec 8, 2016
WELL and BREEAM to align standards
The goal is to make it easier for projects pursuing both standards.
Codes and Standards | Dec 7, 2016
U.S. lumber industry pushes for import duties on Canadian softwood
The industry claims the product is being sold below fair market value.
Codes and Standards | Dec 5, 2016
International Construction Measurement Standards draft released
The goal is to improve consistency for calculating costs and reducing risk.
Codes and Standards | Dec 2, 2016
D.C. Council passes bill to reduce number of blighted properties
The new legislation reduces the amount of time a vacant property can qualify for a lower tax rate.
Codes and Standards | Dec 1, 2016
Passive House standard gaining influence in commercial sector
Some industry watchers predict it will become the base building code.
Codes and Standards | Nov 30, 2016
Researchers finding solutions to bird/building collisions
Glass facades pose a serious risk to birds and cause millions of avian deaths each year.