Proposition 33
Should California remove limits on the ability of cities to impose rent control policies capping annual rent increases?
While cities and counties have the authority to enact rent control laws, the Costa-Hawkins Rental Housing Act of 1995 prohibits them from imposing rent control on single family homes, condominiums, properties built after 1995, and on new tenants. If passed, Proposition 33 would repeal the 1995 law and prevent the state from taking action to limit local rent control in the future. The proposition does not make any changes to existing local rent control laws; cities would have to take local action to change those.
Yes Argument
Over half of Californians are rent burdened, paying more than 30% of their income on rent. Wage growth has not kept pace with rent increases, and housing costs are driving many people out of the state. Solving the housing crisis requires the state to build more affordable housing; but in the meantime, cities need tools like rent control to keep people housed.
No Argument
Rent restrictions will make the housing crisis worse by deterring developers from building new housing, which will drive down housing supply. Rent caps affect property values and hurt small landlords and homeowners by allowing them to be subjected to the same regulations as corporate landlords. California voters have twice rejected similar attempts to repeal the state’s limits on rent control.
FundraisingCampaign finance data comes from the California Secretary of State’s office or the Federal Election Commission.
Source: California Secretary of State
Key Supporters
In Support
- AIDS Healthcare Foundation
- Alliance of Californians for Community Empowerment
- California Democratic Party
- California Nurses Association
- Tenants Together
In Opposition
- Toni Atkins, state Senate president pro tempore emeritus
- Buffy Wicks, state Assembly member
- California Chamber of Commerce
- California Small Business Association
- California YIMBY
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