This news just in from the California Association of Realtors:
Yesterday Governor Brown vetoed AB 1229, a bill that proposed to dramatically weaken rent control limitations contained in the landmark “Costa-Hawkins” law sponsored by C.A.R. in 1995. C.A.R. has been aggressively opposing the bill throughout the legislative process and had asked the Governor for a veto.
AB 1229 proposed to undo Costa-Hawkins’ protections by allowing local governments to impose inclusionary zoning on newly constructed single family and rental housing developments. AB 1229 would have effectively repealed that part of the C.A.R-sponsored Costa-Hawkins legislation that says new construction in a rent control jurisdiction is exempt, or NOT subject to rent control.
