AB1506 is expecting to clear from the committee discussion.

[Wei Xie]

From California Association of Realtors: C.A.R. to Issue Statewide Red Alert OPPOSING Rent Control Bill Tomorrow, C.A.R. is issuing a statewide Red Alert urging California REALTORS® to contact their Assembly members and urge them to oppose AB 1506 (Bloom, Bonta, and Chiu). C.A.R. opposes AB 1506, in its entirety, because it repeals C.A.R.’s co-sponsored Costa-Hawkins Rental Housing Act. Costa-Hawkins was enacted in 1995 in response to unchecked local rent control ordinances. Costa-Hawkins places limits on how and when local governments may impose rent control ordinances and specifically prohibits rent control from being placed on condos and single-family homes. AB 1506 would allow rent control to be enacted without limitation, discouraging the creation of rental housing and further impairing housing affordability. AB 1506 will be considered by the Assembly Housing and Community Development Committee on Thursday, Jan. 11, and is expected to pass. When you receive the Red Alert tomorrow afternoon, please respond immediately. The bill could be considered by the entire Assembly as soon as early next week.