Proposition 33 – Rent Control (California 2024) – Brief Facts

Purpose: Repeals the Costa-Hawkins Rental Housing Act of 1995, allowing cities to expand rent control to more types of housing, including buildings built after 1995 and single-family homes.

KEY EFFECTS:

Rent Control Expansion: Local governments would be able to set limits on rent increases and initial rental prices for a broader range of properties.

Housing Market Impact: Expected reduction in property values for rental units and a potential decrease in available rental housing as landlords may sell properties instead of renting them.

Supporters: Tenant rights groups and organizations emphasizing the need for housing affordability and stability for renters​.

Opponents: Landlord associations and developers argue it would worsen the housing shortage and disincentivize new construction​.v

Fiscal Impact: Could lead to a reduction in property tax revenues, affecting local services and schools​.

For more detailed information, see the California Voter Guide.

Steve Cardinalli
Real Estate Professional, 01323509
(760) 814-0248
Steve@Cardinalli.com
www.Cardinalli.com
Century 21 Affiliated Fine Homes & Estates
Village Faire in Carlsbad Village
300 Carlsbad Village Dr, 223
Carlsbad, CA 92008

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