NEWS ALERT: Proposed Senate Bill 466 Stopped! Lobbying Efforts Led by AAGLA

NEWS ALERT: Proposed Senate Bill 466 Stopped!

Lobbying Efforts Led by the Apartment Association of Greater Los Angeles and Coalition Members Stop Proposed Senate Bill 466 From Moving Forward on Senate Floor

Senate Bill 466 would have eliminated many of the exemptions from local rent control that multifamily property owners now have under the Costa-Hawkins Rental Housing Act of 1995 (Costa Hawkins). Costa Hawkins exempts properties constructed after 1995 (or from an earlier date if local rent control went into effect prior to 1995) from local rent control ordinances. Senate Bill 466 would have eliminated these important exemptions.

Senate Bill 466 would, after 28 years following issuance of a certificate of occupancy, have subjected multifamily rental properties with 5 or more units to local rental control laws. Local price controls on rental rates for newer construction would have discouraged new housing development and perhaps forced housing providers out of the rental housing business entirely, and only would have exacerbated the State’s housing shortages and housing affordability issues.

The Apartment Association of Greater Los Angeles’ lobbying efforts, which were led by the lobbying team of Kate Bell Strategies in Sacramento, were supported by fellow member associations of the California Rental Housing Association, the California Association of Realtors, and the California Business Roundtable, among other groups.

The Apartment Association of Greater Los Angeles thanks its members who responded to its many Alerts on Senate Bill 466 by calling and emailing legislators urging them to vote NO.

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Advocacy counts! If you want to STOP harmful regulations like Senate Bills 466, 567 and Assembly Bill 12 from passing in the future, give us the resources we need to successfully fight back.  Make a generous contribution to the Apartment Association of Greater Los Angeles’ Political Action Committee TODAY! Make your contribution at: www.aagla.org/issuesPAC.