Stability, security, affordability. Californians should have all three, but today they are out-of-reach for far too many because a handful of corporate landlords block every attempt for tenants to have an affordable roof over our heads. This is our chance to protect ourselves now, and keep families in our homes, by curbing the profiteering of a handful of corporate landlords who price our rents destructively to increase their own profits.
AB 1482 - Passes Through the Assembly!
On Wednesday, May 29th the California Assembly passed AB 1482, a statewide rent cap which would bar landlords from raising rents over 7% plus the Consumer Price Index (CPI) for the next 3 years. The bill would exempts landlords of 10 or fewer single family rentals or buildings less than 10 years old.
*To put the bill in effect, we need to pass the AB 1482 through state Senate and past Governor Newsom who has signaled that he will support the bill.*