Legislative Update - May 18, 2023
Property Insurance Survey: Deadline to Respond May 20The 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.
San Diego Tenant Protection Ordinance Passes Second Reading
This past Tuesday, the San Diego City Council gave final approval to the Tenant Protection Ordinance (TPO). SCRHA is pleased that the association’s advocacy led to a more balanced ordinance that reflects state law in many areas. SCRHA will continue being involved in the TPO process in an effort to make sure that the accompanying administrative regulations are fair and balanced. The ordinance goes into effect 30 days after the Mayor signs it into law. It is expected he will sign it in the coming days and the ordinance will be effective late June. SCRHA will keep members informed of the effective date and when new forms are available. Click here if you missed the last recap.
Figures Now Available for Rent Increases Effective August 1, 2023 or Later
The 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.