If adopted by voters in November, California Proposition 10 would overturn the state’s Costa-Hawkins Rental Housing Act which prevents rent control from applying to single-family homes, condos or any multifamily building which received a certificate of occupancy after January of 1995 (or earlier if a city had already adopted a rent control ordinance, which is the case for San Francisco which adopted rent control in 1979).
While the passage of Proposition 10 wouldn’t directly change the existing rent control laws in San Francisco, it would allow the laws to be amended and expanded to all property types without the above prohibitions. It would also allow for the potential adoption of vacancy control, which would limit the amount a landlord could increase the rent on a newly vacant unit.
And while not binding, a formal resolution in support of Proposition 10, “reaffirming the City and County of San Francisco’s support for repeal of the Costa-Hawkins Rental Housing Act,” has been drafted by Supervisors Peskin and Fewer and will be presented to San Francisco’s full Board of Supervisors for potential adoption next week.
Yesterday, San Francisco’s Board of Supervisors formally approved the resolution and the City’s official support for Proposition 10 by a vote of 9-2, with Supervisors Stefani and Tang having voted in dissent.