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Prop 21 Fails: Voters Turn Back Effort To Expand Rent Control
(Illustration by Chava Sanchez/LAist)
Proposition 21, a measure that would give local governments across California more power to enact rent control, has gone down to defeat, according to the Associated Press.
Prop 21 would have amended existing state law to give cities the power to impose rent control on buildings that are at least 15 years old. Currently, they cannot apply it to buildings built after 1995. It also would have allowed cities impose rent control on single-family homes and condos — if an individual owned more than two homes.
Supporters said the measure was a necessary step in the midst of the state's housing crisis.
Opponents argued that California didn't need more rent control, pointing to a law that took effect in January that caps rent increases across the state at 5% per year plus the local rate of inflation.
READ OUR FULL COVERAGE OF PROP 21:
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