California Governor Gavin Newsom has temporarily lifted the price cap on new rental listings of single-family homes in Los Angeles, addressing housing availability issues following devastating wildfires. Previously, the cap limited rentals, which hindered the recovery efforts after over 11,500 homes were destroyed. The executive order targets larger homes in affluent neighborhoods, allowing landlords more flexibility. Other price-gouging laws remain, including restrictions on rent increases for previously rented properties. These adjustments aim to expedite recovery and sustain housing options for victims.
Gov. Gavin Newsom has lifted a price cap on new rental listings for some single-family homes in Los Angeles, responding to concerns that the rules had been restricting the availability of housing in the wake of last month's wildfires.
This executive order provides targeted relief from regulations that impact victims and would otherwise slow this community's quick recovery,
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