2018 VOTER GUIDE: A look at California's Prop 10: Local rent control initiative

In the November election, California state voters will decide 11 claims. This is all information about Prop 10.

Expand the power of local governments and impose rent restrictions on housing assets. Initiative regulation

"Yes" approved the municipalities to adopt rental regulations and permit the cancellation of existing Costa Hawkins leasing law

Affordable Housing Alliance, AIDS Health Foundation, California State Community Empowerment Alliance, California State Nurses Association, California State Teachers Association, California State SEIU, California Democratic Party, Los Angeles Mayor Eric Garcetti

Two Governor Candidates Gov Gavin Newsom (D) and John Cox (R), California State Apartment Association and California Landlord Group, California State NAACP State Conference, California State Construction Industry Association, California State Construction Industry Association, California Condominium Association, California Construction Industry Association , Bay Area Council, East Bay Leadership Council, leading group of Silicon Valley, former San Jose Mayor Chuck Reed, Santa Clara County Assessor Rally Stone

Compared to 12,610,741 dollars collected by supporters, the opponent of Proposal 10 was $ 34,796,755 more than the proponent of 10 proposals.

In the long run, state and local income (property tax) may be reduced by tens of millions of dollars annually. Depending on the behavior of the community, the loss of income may be less or more

* Note: All information on donation as supporters or opponents of the ballot bill reflects the financial disclosure provided to the State Secretary of California as of September 7, 2018.

"The bill itself does not change the local rent management law," wrote a letter to a broadcasting station written by Beverly Grossman Palmer who served as a lawyer at Yes on October 10. "This is an election campaign, not a legal presentation California state voters understand this advertisement as follows: People with their homes are not affected by rent restrictions. "The condominium association and the real estate group donated more than $ 30 million. To defeat props 10. At the same time, supporters collected this more than $ 12 million mainly from the AIDS Health Foundation. The foundation is a non-profit organization based in Los Angeles and actively supports political activities.

Proposition 10 is an initiative by California state voters abolishing the 1995 Act called Costa Rica Hawkins Residential Housing Act. The law prohibits the implementation of specific forms of rental management on-site. It is noteworthy to exempt single-family homes built since 1995 from the rent regulation law and apartment. It also prevents vacant management situations and permits landlords to increase rent without restrictions when tenants under rental management leave. Suppose a tenant pays $ 1,000 a month and the market rate is $ 2,000 a month. In the current law, once a tenant managed by rents leaves, the landlord can charge $ 2,000 (or other amount) for the next tenant for free. Under vacancy control, the increase in rent is still regulated and can be increased only by the percentage permitted by local law. If the Costa Rica - Hawkins law is abolished, in theory the city can prevent the landlord from gathering market rents, but this outlook has little chance of large scale.