More than half of California’s tenant population are considered “rent burdened.' The governor’s backing could help advance efforts to add protections.
An effort to cap annual rent increases in California received a boost Wednesday when Gov. Gavin Newsom embraced the idea and said he wants even more restrictions than currently planned.
“I’m hopeful … that I will get on my desk in the very near term a rent cap bill because it is long overdue in the state of California,” Newsom said at a Wednesday event in Los AngelesAssembly Bill 1482 from Assemblyman David Chiu , which is pending in the state Legislature, would limit annual rent increases statewide to 7% plus inflation for the next three years. It would also, over the same period, prevent landlords from evicting their tenants without first providing a reason.
About 9.5 million renters — more than half of California’s tenant population — are considered “rent burdened” , spending at least 30% of their income on housing costs, according to . The governor’s backing could help advance efforts to add tenant protections that have so far struggled to garner support in the Legislature and at the ballot box.was defeated by nearly 20 percentage points
following a $100-million campaign in which landlord groups dramatically outspent supporters. During his State of the State speech in February, Newsom said he would sign a package of bills to provide greater stability for renters if the Legislature passed them, but he did not specify what measures he hoped to advance.
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