Costa Hawkins and Voting NO on Prop 10
In 1995, California passed a statute allowing landlords to charge “market” rent whenever a new tenant enters a lease. The Costa Hawkins Rental Housing Act permits this rent alteration, just as long as written notice is properly given. Though the Rent Adjustment Commission hasn’t reported more than 5% of rent increase since 1985, rent prices would still increase anywhere from 3-5%. This includes potential increase in single-family homes, most condominiums and multi-family rental units that were built after 1995.
Los Angeles Housing Crisis
A large amount of Los Angeles residents spend more than half of their income on rent. With housing rates this extreme, it’s now evident why one in four LA residents are living in poverty. Unfortunately, the Act only increases the risk in Los Angeles’ current housing crisis. Though the need for affordable housing is apparent, the Act severely impacted a 2009 court decision,which would’ve required developers to include affordable housing units in their resident projects.
Restoring Affordable Housing
The Court responded by stating Los Angeles’ violated the Costa Hawkins Act by allowing lower rent rates for newly constructed units. In contrast of this, Governor Jerry Brown (thankfully) signed a bill that restored the permission to pursue building affordable units in new rental developments.
Pursuing Low-Income Residential Projects
While the demand for affordable housing continues to grow, new housing developments are increasing at an even slower pace. This sufficient lack leaves California’s rate of new housing projects short of demand. Even for homeowners who are subleasing even a single room in their residence, they may still be subject to increases in their rent. Though repealing an act will take time to display results, it all starts with a “no.”
What is Prop 10?
Prop 10 is a statute that was presented to California courts when determining whether local governments should step into place for adopting rent control ordinances. The proposition would repeal the Costa Hawkins Act, reversing many of its requirements. In addition, the proposition includes flaws such as not increase housing for affordable spending, will not force local communities to build affordable housing and finally, the prop will not provide any instant relief for those facing higher housing rates.
“NO” on Prop. 10
When getting your ballot in the mail, it’s important to understand what each prop represents before voting. For example, prop 10 provide doesn’t provide protection for renters, seniors, veterans, the disabled, nor does the prop provide affordable housing or rent rollbacks, either. Overall, renters will immediately feel the effects of prop 10’s harmful output. Having such in effect will cause landlords to convert their apartments into potential condominiums, increasing rent prices and vacation opportunities. This will push many of California’s renters in a state of “where do I go now?” To better our community, we can stop this reduction of affordable and middle-class housing by voting “no” on prop 10.