Bill AB1506, DO you know about it in CA?

14 Replies

California Apartment Association “ CAA” calls for action : a Bill to repeal the "Costa-Hawkins Rental Housing Act" (Costa-hawkins Rental Housing Act) has been scheduled for the first hearing in the state legislature, to repeal a landmark legislation to protect owners from radical rent controls. The Housing and Community Development Committee will hear the bill AB 1506 submitted by democratic State Representative Bloom on Thursday, January 11. The hearing will begin 9 o'clock in the morning at California's capital. The adoption of AB 1506 would allow local governments to impose rent controls on all types of housing, including single-family homes, and prohibit owners from resetting rents to market prices in the case of vacancy. Prior to the hearing, the California Apartment Association called on property owners, property managers and industry partners to send a letter to their members to urge them to oppose AB 1506. Click here for the communication system for writing to members of the convening Committee and visiting the CAA: https://www.votervoice.net/mobile/CAA/campaigns/50453/respond?from=groupmessage The repeal of the Costa-Hawkins Rent Control Act would have disastrous effects on the already serious housing market, exacerbating the housing crisis in California. We must let the members of the gathering know the importance of this. 

Hearing info on 1/11/2018, the address: 1315 10th Street Sacramento, CA 95814 http://ahcd.assembly.ca.gov/hearings

Horrific!! I signed the letter as well. Will forward to all my friends whom I know. I am not clear on the dates though. I thought the decision/ the vote would be made in June 2018, not January 1/11/2018? Any clarity on that?

Thank you so much! Julia, Hearing: 1/11/2018, in Sacramento.

no one seems to know about it but Anyone who invests or hopes to own a home in California should be looking out for this and should be calling their local state senators all weekend because they tried assess underneath all of us this January 9 look at the below warning

are successful, cities will be authorized to permanently control the rent of all properties.

AB 1506 (Bloom) repeals the Costa-Hawkins Act. If it is approved by the Assembly Housing Committee on January 11, 2018, the Assembly Housing Committee will vote to grant local governments the power to prevent rent increases at the time of initial and subsequent rentals. The Assembly could also ban property owners from recovering costs when making improvements or repairs on all rentals, including single-family homes and condominiums. Owners will have no power or rights to reset rental rates to market when a unit becomes vacant.

Rental property owners must raise their voices and speak out against this outrageous and targeted attack against rental property.

If you live, work, own or manage property, please call Assemblymember Ed Chau, who sits on the Housing Committee, as soon as possible and ask him to VOTE NO on AB 1506 (Bloom).

STEPS TO FOLLOW:

1) Call Assemblymember Ed Chau at on or before January 9, 2018.

2) When the call is answered:

a.Identify yourself and state you are a member of the Apartment Association California Southern Cities.

b.Ask the Legislator to VOTE NO on AB 1506 (Bloom).

c.Thank the Legislator’s staff for taking your call.

Thank you for your continued support.

Apartment Association, California Southern cities 
Visit our website www.apt-assoc.com
NOTE: If you do not wish to be contacted by e-mail in the future, please reply with "Remove" in the subject and your e-mail address in the message text.

The Assembly could also ban property owners from recovering costs when making improvements or repairs on all rentals, including single-family homes and condominiums.

Owners will have no power or rights to reset rental rates to market when a unit becomes vacant.

For instance right now all your LA Los Angeles rent controlled properties. When someone moves out you can at least raise the rents to market level. In the future this could be banned and you could be forever locked into low rents

This is unbelievable. It is not heard of even in communist Russia!.

Please react before Jan.9th!

https://www.evict123.com/so/eM36HXqb?cid=66b1a20b-0ddc-4c3f-88f0-43bef3a921fe®ion=18b9adab-f56d-4d89-b5b5-5768cc745534#/main

FAILED AB1506!!!!!!!!!!!!

CA HOME OWNERS AND LANDLORDs, WE NEED FIGHT BACK! CALIFORNIA IS SINKING....

@Angela Xu isn't that a good thing? I thought the bill if passed would allow more rent control.

Glad to hear Costa-Hawkins was not repealed. Yay!

final results: total 685ppl---410ppl oppose the bill. 

Yes, they are gathering signatures now.....

This post has been removed.

Join the Largest Real Estate Investing Community

Basic membership is free, forever.