CAA stops attempting to reduce California’s rent cap

Photo by Joel Durkee on Unsplash

The Senate Judiciary Committee killed a measure on Tuesday that would have significantly reduced the state of California’s cap on rent increases and discouraged further investment in rental housing, including new construction.

Sen. Mara Elena Durazo, D-Los Angeles, originally intended for SB 567 to repeal the Tenant Protection Act of 2019, which eventually became AB 1482.

As with rent caps in California’s stringent rent control cities, Durazo’s measure originally sought to cut the statewide cap on rent increases to the change in the Consumer Price Index (CPI) or 5%, whichever is lesser. The cap is currently established at a more reasonable 5% plus the CPI change, with a maximum cap of 10%.

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