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“The cost of living is ridiculous,” said Erich Tran, who along with his partner Tyler Bahr experienced a nearly 6% rent increase last year that brought the cost for their one-bedroom in San ...
California Assembly Bill 2097 (2022) California Density Bonus Law; California Fair Employment and Housing Act of 1959; California HOME Act; California Housing Accountability Act; California Senate Bill 35 (2017) California Senate Bill 50 (2019) California Senate Bill 684 (2023) California Senate Bill 1534 (1982) Costa–Hawkins Rental Housing Act
A subsequent law, SB 1123 (2024), allows for SB 684 to be applied to vacant lots in single family zones. The bill also clarified language in SB 684 so that variety of different lower-cost homeownership types and builders are eligible to use the bill, including tenancies in common and community land trusts.
While the median for monthly rental payments in California was $1,586 from 2016 to 2020, according to U.S. Census data, the costs are much higher in Los Angeles and other cities.
The Tenant Protection Act of 2019 caps annual rent increases at 5% plus regional inflation. [51] For example, had the bill been in effect in 2019, rent increases in Los Angeles would have been capped at 8.3%, and in San Francisco at 9%. [51] The increases are pegged to the rental rate as of March 15, 2019. [51]
Here are 3 new California laws that may have a widespread impact on wallets in 2025 California Gov. Gavin Newsom was busy in 2024, signing over 1,000 bills, according to local reporters.