Landlords in California have coordinated efforts to halt a proposal that aimed to reduce annual rent increases from a maximum of 15% to 7%. Assemblymember Ash Kalra, who introduced the "Affordable Rent Act" (AB 1157), withdrew the proposal following discussions highlighting the need for additional consideration. The California Apartment Association spearheaded opposition to the bill, expressing that while the housing crisis is acknowledged, the proposed solutions require more discussion to balance tenant stability with housing production concerns. The bill will be revisited as a two-year measure.
"I am grateful my colleagues on the Assembly Housing Committee acknowledged the pressing need to take action to support tenants statewide and stabilize the rental market," Kalra said.
"During (Thursday's) committee debate, assembly members acknowledged the severe housing affordability crisis but remained divided on whether AB 1157 provided an appropriate solution," he said.
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