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Bernie-Backed Ballot Initiative Would Expand California's Brand New Rent Controls

Added 02-04-20 02:21:02pm EST - “Last year, California became the second state in the union to pass statewide rent control. But that wasn't enough for” - Reason.com

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Posted By TheNewsCommenter: From Reason.com: “Bernie-Backed Ballot Initiative Would Expand California's Brand New Rent Controls”. Below is an excerpt from the article.

Last year, California became the second state in the union to pass statewide rent control. But that wasn't enough for some activists, who've succeeded in putting a new, more expansive rent control initiative on the ballot this year.

The California Secretary of State's office announced on Monday that the Rent Affordability Act had earned enough signatures to qualify for the November 2020 ballot. The measure is being sponsored by Housing Is A Human Right, a project of the AIDS Healthcare Foundation (AHF).

"Housing affordability and homelessness are the most pressing social justice and public health emergencies in our time," AHF President Michael Weinstein said in a press release. "We'll face a tough road ahead but are ready for the fight—and victory!—for all Californians and for housing affordability."

This is round two for AHF, which was also the primary backer of the state's last rent control ballot initiative in 2018, Prop 10.

That measure went down in flames, receiving only 40 percent of the vote. In the wake of its failure, the legislature passed a rent control law that capped rent increases at 5 percent plus inflation for buildings older than 15 years.

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