Initiative to repeal California’s rent control restrictions hits milestone
SACRAMENTO — A ballot initiative to lift California’s statewide restrictions on rent control has hit a key milestone, with 25 percent of the signatures it needs to qualify for the November ballot, the California Secretary of State’s office confirmed.
Organizers vowed to take their fight directly to the voters after a bill to repeal the restrictions died in its first committee hearing this year at a raucous January meeting attended by over 1,000 people on both sides of the contentious issue.
At issue is Costa Hawkins, a law the Legislature passed in 1995 under pressure from landlords and developers. Those groups sounded alarms being echoed today that rent control only makes the problem worse by slowing development and constraining the supply of housing.