December 5, 2023 Breaking News, Latest News, and Videos

City Council Backs Initiative to Repeal Costa-Hawkins Rental Act

A New Act is Slated for November 2024’s Ballot

Santa Monica’s City Council threw its support behind the Justice for Renters Act, slated for inclusion on the November 2024 ballot, which aims to repeal the 1995 Costa-Hawkins Rental Housing Act that currently imposes limitations on local rent control ordinances.

Presently, Santa Monica’s rent control law governs rent increases and evictions for around 27,000 apartments constructed before 1979. However, under the Costa-Hawkins Act, landlords of these rent-controlled apartments can elevate rents to market rates once a tenant vacates the unit.

Mayor Gleam Davis emphasized the adverse impact of Costa-Hawkins on the city, stating, “The Costa-Hawkins act significantly hampers our ability to regulate residents’ financial capacity to reside in Santa Monica. The Justice for Renters Act is crucial in addressing core issues contributing to homelessness, notably escalating rents and unattainable housing.”

According to a news release from the City, records from the Rent Control Board indicate a consistent annual increase in initial median rents for new tenants since the enactment of Costa-Hawkins. Using federal affordability standards, last year’s median rental rate for new studio apartments in Santa Monica would have necessitated an income of at least $115,429 for a household to afford it.

For additional details regarding Santa Monica’s rent control program, visit https://www.santamonica.gov/departments/rent-control.

in News, Upbeat
Related Posts

Film Review: Priscilla

December 5, 2023

December 5, 2023

FILM REVIEWPRISCILLARated R113 MinutesReleased November 3rd Adapted from Priscilla Presley’s 1985 memoir Elvis and Me, this movie illuminates Priscilla’s life...

SMMUSD to Host Series of Holiday Concerts and Events

December 5, 2023

December 5, 2023

The Public Is Welcome at Little to No Cost The Santa Monica-Malibu Unified School District’s secondary schools’ visual and performing...

Signal Synchronization Project Seeks To Bring Safety to Dangerous Highway

December 5, 2023

December 5, 2023

State-of-the-Art Improvements for Eight-Mile Stretch of Famous Road By Dolores Quintana The Malibu City Council, in its Regular meeting on...

Outdoor Retailer to Close Westside Store Following Marina del Rey Opening

December 4, 2023

December 4, 2023

Staff Were Informed Months Ago That the Lease Won’t Be Renewed By Zach Armstrong Shortly after the grand opening of...

Billy Busch Jr., Anheuser-Busch Heir, Lists Renovated Malibu Oasis for $4.45 Million

December 3, 2023

December 3, 2023

Coastal Multi-Level Home Stuns Close To Malibu’s Iconic Neptune’s Net Restaurant By Dolores Quintana Billy Busch Jr., the scion of...

Son of Coffee Billionaire Acquires Santa Monica Residence

December 3, 2023

December 3, 2023

The Residence Reportedly Features an Array of Lavish Amenities The Robb Report is reporting that after Green Mountain co-founder Bob...

(Video) Popular Palisadian Road Reopens After Repairs

December 1, 2023

December 1, 2023

Both lanes are now unobstructed leading to the Pacific Coast Highway @smmirrornews Temescal has reopened after weeks of repairs. #pacificpalisades...

Employee Fights Suspect Breaking Into Santa Monica Restaurant

December 1, 2023

December 1, 2023

A Mere Week After the Business Underwent Extensive Renovations and a Grand Reopening By Zach Armstrong A mere week after...

Vaccine Mandate Lawsuit Against Santa Monica School Dismissed by Judge

December 1, 2023

December 1, 2023

A Student Sought to Halt the Mandate’s Enforcement and Also Pursued Compensatory Damages.  A judge at the Santa Monica Superior...

Fairview Branch Open House: A Festive Affair Welcoming Santa Monica Back to the Library

November 30, 2023

November 30, 2023

Exciting Open House to Bring the Community Together for the Holidays By Robert Graves, Librarian II  On Tuesday, December 5,...

Kamala Harris Highlights Venice Bakery on Small Business Saturday

November 30, 2023

November 30, 2023

Harris Is Seen Ordering and Enjoying Some of the Restaurant’s Chilaquiles By Zach Armstrong Vice President and former California U.S....

(Video) Via Veneto, a classic Italian restaurant

November 30, 2023

November 30, 2023

Via Veneto, a classic Italian restaurant with real ingredients and delicacies from Italy. You can tell that the restaurant is...

Holiday Pub Crawl Coming to Santa Monica

November 29, 2023

November 29, 2023

More Than 20 Bars and Restaurants Will Offer Exclusive $6-$9 Food and Drink Specials By Zach Armstrong The holidays are...

Annual Venice Holiday Sign Lighting Coming This Weekend

November 29, 2023

November 29, 2023

The Event Is Set to Include Photo-Ops With Santa, Carnival Games, Free Food and Drinks and Live Performances The 12th...

Ribbon-Cutting Event to Celebrate New & Improved Bike Paths

November 29, 2023

November 29, 2023

The Recently Finished Safe Streets for 17th Street and Michigan Avenue Project Aims to Enhance Bike and Pedestrian Safety On...