Rent Control Awaiting Newsom’s Signature

Rent Control Awaiting Newsom’s Signature

Sacramento – On Thursday, September 12, 2019 California legislators sent a bill to the governor’s desk that will cap rent increases across the state at five percent plus inflation—the measure would sunset in 2030. The bill does however include some restrictions/exemptions. Among them, any housing built within the last 15 years, single-family homes not owned by corporations or trusts as well as duplexes where the owner lives in one unit. In a statement Newsom said, “They sent me the strongest package in America. These anti-gouging and eviction protections will help families afford to keep a roof over their heads, and they will provide California with important new tools to combat our state’s broader housing and affordability crisis.” Although the governor is yet to sign the legislation it seems almost certain that he will.

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