California Bill to kill the Costa-Hawkins Act
There is a bill currently in the state legislature to end the Costa-Hawkins act. For those not aware Costa-Hawkins affords certain protections to property owners in California. The most important are:
1) No rent control on buildings built after 1995.
2) No rent control on single family properties.
3) Ability to reset rent to market rate after a rent controlled tenant moves out voluntarily.
The bill being considered AB 1506 (Bloom) is drafted to revoke these protections. The stated goal is to make housing more affordable. My feeling is this misses the mark entirely as the only thing that will make housing more affordable is more supply and this is a huge disincentive to build new housing. It also is being passed at the expense of rental property owners.
If you do not want Costa-Hawkins act protections revoked call your state Assembly Member where you live or own property. I am listing the local ones to me below. All you need to say is the bill AB 1506 (Bloom) and that you want them to vote no. They will not ask you why you are opposed.
Call BEFORE March 14th.
Asm. Catharine Baker 916 3192016 | Walnut Creek, San Ramon, Dublin, Livermore, Pleasanton |
Asm. Timothy Grayson 916 3192014 | Vallejo, Benicia, Martinez, Concord, Pleasant Hill, Pittsburg |
| Asm. Rob Bonta (Co-sponsor) 916 3192018 | Oakland, Alameda, San Leandro |
Asm. Kansen Chu 916 3192025 | Fremont, Newark, Milpitas, San José, Santa Clara, Leandro |
| Asm. Jim Frazier 916 3192011 | Antioch, Bethel Island, Birds Landing, Brentwood, Byron, Collinsville, Discovery Bay, Fairfield, Isleton, Knightsen, Locke, Oakley, Pittsburg, Rio Vista, Suisun City, Travis AFB, Vacaville, Walnut Grove |
| Asm. Bill Quirk 916 3192020 | Hayward, Union City, Castro Valley, San Lorenzo, Ashland, Cherryland, Fairview, Sunol, North Fremont |
Asm. Tony Thurmond 916 3192015 | Hercules, Pinole, San Pablo, Richmond, El Cerrito, Albany, Piedmont, Berkeley, Oakland |
| Asm. David Chiu 415 5573013 | San Francisco |
| Asm. Phil Ting 415 5572312 | San Francisco |
Thanks,
Terence