IMPORTANT BRIEFING: Proposition 33 and Other November Ballot Initiatives

IMPORTANT BRIEFING: Proposition 33 and Other November Ballot Initiatives

Rent Control is Back on the Ballot in 2024 – Learn What You Must Do to Defeat Proposition 33!
Join us for an in-depth discussion about Proposition 33 and this year’s other ballot measures.

• When: Wednesday, August 7, 2024, from 1:00 p.m. – 2:00 p.m. (Late Start)
• How to Attend: Exclusively for AAGLA Members. Please log in to register.

Proposition 33 would repeal the Costa-Hawkins Rental Housing Act, a bipartisan law passed in 1995 that allows rental housing providers to establish market rental rates following a vacancy. Despite being rejected by voters in 2018 and 2020, tenant rights group Housing Is a Human Right and the AIDS Healthcare Foundation are back with a third attempt. If passed, Proposition 33 will devastate rental property owners, especially “mom and pop” landlords, and force many out of the business. Property values will plummet, foreclosures will rise, and local jurisdictions will gain authority to impose extreme rent control laws.

Why You Must Join the Fight and Vote NO on Proposition 33:

• Eliminates key protections under Costa-Hawkins for all housing units – including new construction and single-family homes.
• Allows vacancy control – you may no longer raise rent to market level between tenants.
• Decimates property values – similar laws in New York caused immediate 30-40% drops.
• Reduces housing supply and pushes owners out of the business.
• Grants unelected bureaucrats unchecked power to impose new housing fees.
• Drains public budgets – cities must create rent control boards with YOUR tax dollars.
• All properties older than 15 years become subject to rent caps and local control – A.B. 1482 protections voided.
• Exacerbates California’s housing crisis by punishing providers instead of incentivizing housing growth.

After registering, participants may submit questions prior to the event to tailor the discussion to your concerns. Live Q&A will also be available. Please log in to register. For questions, contact Events Manager Diana Alcaraz at diana@aagla.org.

LEARN WHAT YOU CAN DO TO HELP DEFEAT THIS ATTACK ON RENTAL HOUSING PROVIDERS. We stopped it in 2018 and 2020. Let’s do it again in 2024!

WARNING: THE INFORMATION PROVIDED DURING THIS WEBINAR IS FOR GENERAL INFORMATION PURPOSES ONLY. ABSOLUTELY NO LEGAL OR TAX ADVICE IS BEING GIVEN DURING THIS WEBINAR. BEAR IN MIND THAT EVERY SITUATION IS UNIQUE, AND THE LAWS, RULES AND REGULATIONS ARE SUBJECT TO CHANGE AT ANY TIME. SO, BEFORE ACTING, BE SURE TO OBTAIN TAX AND/OR LEGAL ADVICE FROM A LICENSED PROFESSIONAL.

About Our Presenter and Political Strategist:

Anthony Russo
Partner, Russo McGarty & Associates
Anthony Russo has 26 years of experience in political strategy, public policy, and government relations. He previously served as Senior VP of Corporate Affairs for the Irvine Company and helped lead the successful opposition to Propositions 10 (2018) and 21 (2020). Russo holds degrees in public administration and political science from USC.

Moderator:

Daniel Yukelson
Executive Director, Apartment Association of Greater Los Angeles
Daniel Yukelson is a Certified Public Accountant and has served in senior executive roles, including as CFO of Premiere Radio Networks and Oasis West Realty. He also served as Planning Commissioner for the City of Beverly Hills.

Webinar Registration Ticket Price

• Member Ticket: $0.00

REGISTRATION ENDS AUGUST 7, 2024