The California Senate is considering a rent control bill (AB 1482) that would exacerbate the state’s severe rental housing shortage and ultimately drive up rents. This bill runs directly counter to the will of California voters, who just last year overwhelmingly rejected statewide rent control.
Tell your Senator that you’ve already weighed in on this issue.
The purpose of the bill is noble: To address the disastrous housing affordability crisis in California. Many Californians cannot afford to purchase a home or pay the rent on reasonable housing. Affordability is also a primary focus for NAHB.
But this bill WILL NOT make housing more affordable in the state. All it will do is discourage new apartments from being built and existing apartments from being renovated and maintained.
California needs MORE and BETTER housing to tackle the affordability crisis. The legislature can encourage development by allowing for zoning to include more high-density housing, reducing regulations that stall building projects, encouraging public/private partnerships in development and offering direct help to those that need it. One-size-fits-all solutions are NOT the answer.
AB 1482 WILL NOT address affordable housing in the state. It is pandering to a base that wants to see politicians “do something” and is a political favor to special interests who were burned by Californians overwhelmingly rejecting rent control when it was on the ballot. Tell your Senator that they should do something, just not this.
For more information on this topic and housing affordability, please read:
- The Effects of Rent Control Expansion on Tenants, Landlords and Inequality: Evidence from San Francisco — A 2017 Stanford University study that found rent control in San Francisco actually reduced rental housing supply.
- The Case for Preserving Costa-Hawkins: Three Ways Rent Control Reduces the Supply of Housing — A 2018 study that also found rent controls reduce housing supply in Southern California.
- Housing for All — NAHB’s policy initiative to address the root causes of the housing affordability crisis
- Rent Control Legislation Heats Up Amid Affordability Concerns (June 12, 2019) — NAHB coverage of AB 1482.
- Downtown Revitalization Includes Upscale Affordable Housing Development (Aug. 20, 2019) — A recent example of a successful public/private partnership…in California, no less!
- Comment Letter from NAHB Chairman Greg Ugalde to California Senate Appropriations Committee