California Assemblymember Ash Kalra's AB 1157 proposes to reduce the yearly rent increase cap from 10% to 5% to alleviate the statewide rental crisis. The bill is moving forward after passing the Housing Committee. Over the last six years, rent in areas outside major cities has surged by 60% to 70%, indicating the problem has expanded beyond just urban areas. The bill seeks to protect tenants and make rent control permanent, though small property owners express concerns about being unfairly targeted and feel the legislation contradicts voters' previous decisions.
Really disappointed that this was able to be passed along. We believe that the voters have already spoken several times and most recently in this past election about provisions around statewide rent control. This is another attempt to throttle that and undo what was presented and approved on all sides back in 2019.
People from Silicon Valley, Los Angeles are moving further inland to Bakersfield, Fresno, Stockton, Sacramento--and rent into those places have gone up as much as 60% to 70% in the last five years. We are seeing now what used to be just a Bay Area, Los Angeles problem is a statewide problem.
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