By Karen Fishkin, HANC Board
On the ballot in November is a measure that will open up the possibility of rent control to many housing units that are now off limits. Newer buildings, single family homes and properties that are vacated could all be rent-protected.
New construction will have what is being called a "rolling deadline". Rent control will only come into effect when newly constructed housing turns 15 years of age, giving owners of these buildings those 15 years to make their investments lucrative. After the 15 years, rent control will keep the rent increases within the reach of ordinary workers and families.
The possibility of vacancy de-control is another important aspect of this measure. Currently there is no rule that limits how much rent can be charged when one tenant moves out and a new renter moves in, even if the building is currently under rent control. The sky and the market are the limits. Under Proposition 21, rents could not be increased more than 15% over a three year period.
In California rent issues in our legislature have been tilted towards landlords for many years. This measure will provide some relief and predictability for workers. Will it work as hoped for? We shall see.