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CA AB2278
Bill
Status
Engrossed
4/18/2024
Primary Sponsor
Wendy Carrillo
Click for details
AI Summary
- Attorney General must publish maximum allowable rent increase percentages for each metropolitan area on its website by July 1 of each year
- Rent increases are capped at 5% plus the percentage change in the cost of living or 10%, whichever is lower, for residential properties through January 1, 2030
- Exemptions apply to affordable housing, new construction (within 15 years), owner-occupied duplexes, and single-family homes owned by individuals rather than corporations or investment trusts
- Tenants and government officials can pursue civil action against owners who charge rent exceeding the maximum allowable increase, with damages up to three times the overage amount
- Bill becomes operative April 1, 2024, and repeals January 1, 2030
Legislative Description
Rent increases: percentage change in the cost of living: Department of Housing and Community Development.
Last Action
In committee: Held under submission.
8/15/2024
Committee Referrals
Appropriations6/12/2024
Judiciary5/1/2024
Rules4/18/2024
Appropriations3/20/2024
Housing and Community Development3/4/2024
Full Bill Text
No bill text available