Late Sunday night, Gov. 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. had aggressively opposed 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 AB 1229 would have effectively repealed that part of the C.A.R-sponsored Costa-Hawkins legislation that says new construction in a rent control jurisdiction is exempt, or NOT subject to rent control.
C.A.R. wishes to thank all those members who called their legislators or wrote to Gov. Brown in an effort to defeat AB 1229. This is a big win for REALTORS®.