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Sacramento Capitol
News

California Rent Control Measure Fails, Landmark Prop. 15 CRE Tax Reform Remains Too Close To Call

... Foundation to allow cities across the state to enact certain rent control measures. It would have reformed the state’s 1995 Costa ... -Hawkins Rental Housing Act, allowing cities to impose rent control on units at least 15 years old. Prop. I’s ...

Nov 04, 2020
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Protest in front of Blackstone Group's office in Santa Monica
News

Despite Defeat, California's Rent Control Battle Remains A Big Issue

... and residents about the implications of rent control," Brown said.  The debate over rent control comes as the cost of housing ... .  Education is the only way to win the rent control battle, Brown said.  "Rent control is not new," Brown said. "It's ...

May 02, 2019
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Treasury Plans To Restrict Multifamily Lending In Areas With Rent Control
News

Treasury Plans To Restrict Multifamily Lending In Areas With Rent Control

... acquire multifamily loans in cities and states with rent control policies, HousingWire reports. Treasury labeled the proposed ... to housing development," HousingWire reports. The controversial rent control law in New York and Oregon's statewide law ...

Sep 16, 2019
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Bridge Lenders Evolve In Face Of Rent Control, Downturn Speculation
News

Bridge Lenders Evolve In Face Of Rent Control, Downturn Speculation

... forces — fear of an economic recession and the rise of rent control legislation — and bridge lenders are caught in the middle. Since ... make up for deals that have gone away thanks to rent control measures,” Ramin said.  Bridge lenders may have to gird ...

Jan 23, 2020
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Californians Vote Down Rent Control Expansion
News

Californians Vote Down Rent Control Expansion

... with nearly half of Californians against the expansion of rent control. Tuesday’s election results verified these polls. “The ... them at the expense of the housing supply, which rent control expansions would have impacted, Regan said. Discretionary rules ...

Nov 07, 2018
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Construction Worker
News

Repeal Of Rent Control Limits To Have Chilling Effect On Housing, Construction

... Costa-Hawkins Act prevents cities from expanding rent control laws, prohibits rent control on newly constructed apartments built after 1995 ... Monica and Berkeley, adopted some form of rent control ordinance before Costa-Hawkins went into effect. Repealing ...

Sep 06, 2018
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Cap Rates Are Already Rising In Markets With New Rent Control Laws
News

Cap Rates Are Already Rising In Markets With New Rent Control Laws

... “Investors and lenders are repricing assets in markets where rent control exists or is being introduced,” Costello wrote in the ... certainty, but within a week of Oregon passing statewide rent control legislation, advocates started pushing for a tighter cap," ...

Sep 15, 2019
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Illinois rep. Will Guzzardi (D - Chicago)
News

A Look At The Calls For And Against Repealing Illinois' Rent Control Ban

... tool to support rent-burdened households. The Illinois Rent Control Preemption Act of 1997 that forbade rent control in the ...  testified before an Illinois Senate subcommittee that rent control in many cases increases regulations while reducing supply ...

Jun 27, 2018
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Philadelphia Is Experiencing An Influx Of New York Investors Fleeing Rent Control
News

New York Investors Fleeing Rent Control Descend On Philly's Multifamily Market

... new-to-market investors driven out of New York by rent control laws, Reiter and Rittenhouse Realty Advisors Managing Partner Ken ... You look at how California was next to follow [with rent control], so it definitely makes sense that investors would be more ...

Oct 10, 2019
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Berkadia Managing Director Jeff Rowerdink, TruAmerica CEO Bob Hart, Essex Property Trust Chief Investment Officer John Eudy and Equity Residential Executive Vice President Barry S. Altshuler.
News

Possible Repeal Of Rent Control Limitations Not Just A California Issue, It’s A National Issue

... in California and Illinois are exploring repealing their rent control laws. Community activists in Denver, Minneapolis and ... Hawkins Rental Housing Act prohibits cities from enacting rent control on single-family homes, condominiums and apartments built ...

Jul 19, 2018
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