Why Proposition 33 Could Be a Setback for California's Real Estate Market: Key Concerns for Property Stakeholders
Authority Property Management
JULY 26, 2024
The Basics of Proposition 33 Proposition 33 seeks to repeal the Costa-Hawkins Rental Housing Act, a state law that currently restricts the types of housing that can be subjected to rent control. Under Costa-Hawkins , rent control is prohibited on: Single-family homes and condominiums. New constructions built after February 1, 1995.
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