Tag Archives: rent control

The New York Times reports: California lawmakers approved a statewide rent cap on Wednesday covering millions of tenants, the biggest step yet in a surge of initiatives to address an affordable-housing crunch nationwide. The bill limits annual rent increases to 5 percent after inflation and offers new barriers to eviction, providing a bit of housing security in a state with …

The San Jose Mercury-News reports: Amid a tense battle over rent control in California, real-estate interests are writing big checks to defeat a November ballot measure that would give cities more power to regulate what landlords can charge tenants — and the initiative’s backer responded this week with a $10 million cash infusion. “We know we will be significantly outspent …