Sunday, March 01, 2020

California Approves Statewide Rent Control to Ease Housing Crisis - The New York Times

Supporters of rent control marched in Sacramento last year. After adjusting for housing costs, California has the highest state poverty rate.California Approves Statewide Rent Control to Ease Housing Crisis - The New York Times
"California lawmakers approved a statewide rent cap on Wednesday covering millions of tenants, the biggest step yet in a surge of initiatives to address an affordable-housing crunch nationwide.
...Gov. Gavin Newsom, a Democrat who has made tenant protection a priority in his first year in office, led negotiations to strengthen the legislation.
...Moves to expand rent control through ballot initiatives or legislation have arisen since 2017 in about a dozen states, including Washington, Colorado and Nevada, according to the National Multifamily Housing Council, an apartment-industry trade group..."
Read all.

No comments: