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
School Construction | May 3, 2016
Florida clamps down on school construction spending
Critics fear rules will hamper ability to build schools with desired features.
Resiliency | May 2, 2016
Connecticut to develop new code standards for resiliency
Expected more frequent severe weather events due to climate change prompts review.
Contractors | Apr 29, 2016
OSHA issues advisory to protect workers from Zika virus
Construction industry workers considered at high risk.
Codes and Standards | Apr 28, 2016
New research finds 30 measures to significantly cut energy use
ASHRAE’s prescription cuts across all building types and climates.
Codes and Standards | Apr 27, 2016
Florida gives developers more time to install first responder radio signal systems
Expensive upgrades can be postponed for several years.
Codes and Standards | Apr 25, 2016
San Francisco becomes first big U.S. city to require solar panels on new buildings
Pertains to commercial and residential buildings shorter than 10 stories.
Codes and Standards | Apr 25, 2016
GSA adopts SITES land development and management rating system
Federal agency will use for properties with and without buildings.
Wood | Apr 22, 2016
Revised 2015 Manual for Engineered Wood Construction available
American Wood Council Document offers design information for structural applications.
Codes and Standards | Apr 20, 2016
OSHA updates eye and face protection standards in final rule
Becomes effective April 26.
Codes and Standards | Apr 18, 2016
Efficiency finance pilot project to spur retrofits on existing buildings
EDF and PG&E team up on interest-free loans for qualified projects.