Rent Control is Back on the Ballot in 2024
Rent Control is Back on the Ballot in 2024 – Learn What You Must Do to Defeat It! The Proposed Justice for Renters Act Will Strip You of Your Property Rights!
PLEASE JOIN US FOR OUR MOST IMPORTANT WEBINAR OF THE YEAR. MICHAEL WEINSTEIN AND THE AIDS HEALTHCARE FOUNDATION IS AT IT AGAIN AND WANT TO EMPOWER LOCAL JURISIDICTIONS TO IMPOSE HORRIFIC RENT CONTROL MEASURES – IF PASSED, VACANCY DE-CONTROL (YOUR RIGHT TO CHARGE MARKET RATE RENT UPON VACANCY) MAY BE LOST. EXEMPTIONS FOR NEW CONSTRUCTION, SINGLE-FAMILY HOMES AND CONDOMINIUMS MAY BE LOST AND THESE EXEMPT PROPERTIES MAY THEN FALL UNDER TO RESTRICTIVE, LOCAL RENTAL CONTROL.
The same special interests behind 2018’s (Prop. 10) and 2020’s (Prop. 21) rent control measures are at it again — despite being rejected both times by a large majority, by 59% of voters, Michael Weinstein and his minions are back again with the same destructive proposal. We cannot afford to lose, and cannot let this new, deeply flawed proposition be passed.
Why should you join the fight against this ill-conceived ballot proposition? Here are just a few of the things this deeply flawed proposition will do unless we defeat it in November:
- Eliminates important protections and exemptions under state law’s the Costa-Hawkins Rental Housing Act (1995) covering all housing units – YOU won’t be able to increase rent to going market rates if this initiative passes, and new construction, single-family homes and condominiums could be subjected to the most restrictive local rent control.
- Allows cities or counties to enact vacancy control – rent on vacant units may only be increased if and as allowed by local jurisdictions. You will no longer be able to increase rent to the market rent upon vacancy.
- Decimates property values – Similar laws passed in New York State caused values of rental properties to drop 30% to 40% IMMEDIATELY.
- Reduce housing supply by forcing rental property owners out of business.
- Gives unelected bureaucrats unlimited power to add fees on housing – hundreds of rent control boards will “spring up” across California.
- Add tens of millions of dollars in new costs to local governments to administer local rent regulations – YOU will pay for these increased costs through additional fees and taxes.
- All properties older than 15 years will be subject to local rent control laws and lower rent caps – A.B. 1482 would be cancelled.
- Makes California’s housing crisis EVEN WORSE! If this ballot initiative passes, we will ALL be forced out of the rental housing business.
After registering, participants can submit questions prior to the meeting so that we can tailor the discussion to your concerns. Additionally, there will be opportunities during the meeting to submit your questions live.
LEARN WHAT YOU CAN DO TO HELP TO DEFEAT THIS LATEST ATTACK ON RENTAL HOUSING PROVIDERS. WE DID IT IN 2018 AND 2020, WE CAN DO IT AGAIN IN 2024. Please, register today for this important webinar…The most important webinar of this year!
About Our . . .
Panelist(s): Anthony Russo, Partner, Russo, McGarty & Associates
Anthony Russo, a partner at Russo McGarty & Associates, has a 26-year track record in government relations, political strategy and public policy. He specializes in providing strategic consulting to major corporations, professional associations, and initiative campaigns. Anthony previously was Group Senior Vice President of Corporate Affairs for the Irvine Company, one of the nation's largest private real estate companies, where he had responsibility for government affairs, political action, branding, and communications. Anthony participated in several successful political efforts including the opposition to Proposition 10 in November 2018 and Proposition 21 in 2020. Anthony graduated Phi Beta Kappa from the University of Southern California with a master's degree in public administration and a bachelor's degree in political science.
Moderator: Daniel Yukelson, Executive Director, Apartment Association of Greater Los Angeles
Daniel Yukelson is currently the Executive Director of the Apartment Association of Greater Los Angeles (AAGLA). As Certified Public Accountant, Yukelson began his career at Ernst & Young, the global accounting firm, and throughout his career, he has served in senior financial roles principally as Chief Financial Officer for various public, private and start-up companies, including more recently for 15-years as Chief Financial Officer of Premiere Radio Networks, the largest U.S. radio network and now subsidiary of iHeart Media, and for nearly 4-years as Chief Financial Officer of Oasis West Realty, the owner of the Beverly Hilton and Waldorf Astoria Beverly Hills where he was involved in the construction and opening of the Waldorf Astoria. He served as a planning commissioner, serving one year as Chairperson, and as a Public Works Commissioner in the City of Beverly Hills.