AB 1506 is a State Assembly bill that will expand rent control to cover single family homes and new developments. It completely repeals the Costa-Hawkins Rental Housing Act, which provides important protections for homeowners.
Call Assembly member David Chiu today and tell him to withdraw his support for the bill!
CALL 916-319-2017
When staff answers the phone, you can use the following script:
"Hi, this is (insert your name). I'm a constituent and a REALTOR®. Please ask Assemblymember Chiu to withdraw his support of AB 1506 because it discourages the building of rental housing and hurts middle-class homeowners."
AB 1506 would allow rent control to be enacted without limitation, discouraging the creation of rental housing and impairing housing affordability. The bill will be heard at the Assembly Housing Committee this Thursday (Jan 11th).
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C.A.R. OPPOSES AB 1506 BECAUSE:
It Repeals the Rent Control Exemption for Single-Family Homes and Condos - AB 1506 would expand rent control to single-family homes and condominiums, discouraging rental property owners from continuing to offer properties for rent.
It Discourages New Housing Construction - New housing development would come to a standstill. In a recent report, the Legislative Analyst concluded that "rent control will do nothing to increase our supply of affordable housing and, in fact, likely would discourage new construction."
It Targets Family Owned-and-Operated Small Businesses - The majority of California's rental units are located within small properties (16 units or less) and are owned by "mom and pop" landlords who depend on these properties for their retirement. It Provides NIMBYs a New Tool - AB 1506 is a dream come true for NIMBY (Not In My Backyard) advocates, who want to stop new housing development in California. In fact, one of the same proponents of the prospective companion ballot measure also sponsored a Los Angeles ballot measure last year to stop ALL housing construction in the city.
It Provides NIMBYs a New Tool - AB 1506 is a dream come true for NIMBY (Not In My Backyard) advocates, who want to stop new housing development in California. In fact, one of the same proponents of the prospective companion ballot measure also sponsored a Los Angeles ballot measure last year to stop ALL housing construction in the city.
It Hurts Low-Income Individuals & Families - Rent-controlled units are NOT means tested. Numerous studies have shown that, while rent control seeks to help low-income tenants, gentrification in strict rent control cities occurs, resulting in more renters with higher incomes after the implementation of these ordinances. According to the Legislative Analyst, rent control would continue to "benefit the more affluent renters."
It Lowers the Number of Available Rental Units - Not only would AB 1506 halt new housing construction, it would also result in a loss of rental units throughout the State. Cities with stringent forms of rent control, such as San Francisco and Santa Monica, have lost large numbers of rental units because of rent control. Rental property owners convert their housing to another use - owner-occupied, tenancies in common - or keep their units off the market altogether.