California governor set to sign law capping rent increases

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    Judi Lynn
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    Adam Beam, Associated Press
    Updated 1:45 pm CDT, Tuesday, October 8, 2019

    SACRAMENTO, Calif. (AP) — California’s governor says he will sign a law on Tuesday that caps rent increases for some people over the next decade as the nation’s most populous state grapples with a housing crisis.

    Gov. Gavin Newsom announced Monday he will sign the bill on Tuesday in Oakland, an area where a report earlier this year documented a 43% increase in homelessness over two years.

    The law would limit rent increases to 5% each year plus inflation until Jan. 1, 2030. It also bans landlords from evicting tenants for no reason, meaning they could not kick people out just to raise the rent. And while the law would not take effect until Jan. 1, it would apply to rent increases on or after March 15, 2019, to prevent landlords from raising rents just before the caps go into place.

    Once signed, California would join Oregon as the only places that cap rent increases statewide. Oregon capped rents at 7% plus inflation earlier this year.

    More:
    https://www.chron.com/news/us/article/California-governor-set-to-sign-law-capping-rent-14501148.php

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