Legislative Update - June 1, 2023
Legislative Update
State Legislative Update
You did it! Thanks to your response to SCRHA's Action Alerts, we were able to stop SB 466 (Wahab) on the Senate Floor. The bill was several votes shy of the 21 needed to pass. Unfortunately, SB 567 (Durazo) narrowly received the needed votes to move out of the Senate to the Assembly. Click here to read more.
Help the Rental Housing Industry by taking Property Insurance SurveyWith the recent announcement from State Farm that it will no longer offer policies to new California customers, and the possibility that other insurers will follow suit, it is more important than ever that you share your insurance experience. The California Rental Housing Association (CalRHA), our statewide partner, is currently working with the California Department of Insurance to determine the magnitude of the current insurance crisis, and to quantify the impact of today’s insurance marketplace on rental housing providers. Help with this concerted effort to reverse the trend of skyrocketing property insurance rates by taking a short survey. The survey will take only a few minutes to complete and all responses will be kept confidential. Take Survey.
Figures Now Available for Rent Increases Effective August 1, 2023 or LaterThe CPI information necessary to calculate max rent increases for properties subject to the California Tenant Protection Act (AB 1482) is now available. The San Diego region will continue to be limited to no more than 10% (change in CPI = 5.3%) while Riverside County will have a max increase of 9.6% (change in CPI = 4.6%). SCRHA is still waiting on the Department of Industrial Relations to release the data necessary to calculate the max increase for Imperial County. Click here for more information.