Governor Gavin Newsom met with apartment property owners and developers in August to present on a new bill, Assembly Bill 1482, authored by Democratic Assemblyman David Chiu of San Francisco.
The new rent control bill would be the most stringent in the country, placing a cap of five percent plus inflation for a maximum of 10 percent on annual increases to residential renters.
We are still under a rent moratorium
Many are unaware the counties of Mendocino, Napa, Santa Barbara, Shasta, and Sonoma are still under an executive order from the governor’s office for price gouging during times of disaster.
California faced unprecedented wildfires in 2017 and 2018, which caused widespread devastation. Then-Governor Jerry Brown enacted an executive order making it unlawful to substantially increase the price of goods as well as rents.
The executive order was renewed in November 2018 by Governor Brown and again in 2019 by Governer Newsom.Read More