Governor Signs Sweeping Rent Control Bill
The governor signed the strongest set of rent protections in the nation on Monday amid a housing and rent crisis that has contributed to double-digit increases in homelessness.
Assembly Bill 1482 will cap rent increases at 5% statewide for the next 10 years and prohibit evictions without cause. You can learn more about what the new law will do here.
“This is a profoundly important moment,” Newsom said at a signing ceremony in Oakland. “The fact that we are leading the nation in trying to meet this moment is a point of pride.”
AB 1482 is the result of a compromise worked out between the Legislature and Newsom. It is supported by the California Business Roundtable and the Silicon Valley Leadership Group among other tenant rights organizations. The California Association of Realtors opposed the bill.
The new protections will take effect on Jan. 1. California will join just one other state, Oregon, with statewide rent control.