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Newsom backs effort to cap rent increases in California

An effort to cap annual rent increases in California received a boost Wednesday when Gov. Gavin Newsom embraced the idea and said he wants even more restrictions than currently planned.

“I’m hopeful … that I will get on my desk in the very near term a rent cap bill because it is long overdue in the state of California,” Newsom said at a Wednesday event in Los Angeles unveiling new funding to protect renters from evictions. READ MORE

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