Attorney General No.
17-0041
Description
Repeals state law that currently restricts the scope of rent-control policies that cities and other local jurisdictions may impose. Allows policies that would limit the rental rates that residential-property owners may charge for new tenants, new construction, and single-family homes. In accordance with California law, provides that rent-control policies may not violate landlords’ right to a fair financial return on their rental property. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local government: Unknown, but potentially significant, changes in state and local government tax revenues. Net decrease more likely than net increase. Potential increase in local government costs of up to tens of millions of dollars per year in the long term, likely paid by fees on owners of rental housing.
Proponents
Fredric D. Woocher, Esq. Beverly Grossman Palmer, Esq. Strumwasser & Woocher LLP 10940 Wilshire Boulevard, Suite 2000 Los Angeles, California 90024 fwoocher@strumwooch.com bpalmer@strumwooch.com (310) 576-1233
Date
11-23-2017
Document Type
Initiative
Qualified
Qualified
Recommended Citation
EXPANDS LOCAL GOVERNMENTS’ AUTHORITY TO ENACT RENT CONTROL ON RESIDENTIAL PROPERTY. INITIATIVE STATUTE (2017).
https://repository.uclawsf.edu/ca_ballot_inits/2114