Partnership votes to oppose Proposition 10 which would expand rent control statewide
IRWINDALE - The San Gabriel Valley Economic Partnership has announced its firm opposition to Proposition 10, a November statewide ballot initiative that would dramatically expand rent control in California.
Under current state law, only 15 cities in California have rent control and rent control is limited to apartment units built before a certain date. If Proposition 10 were to pass in November, it would make it easier for cities across the state to enact rent control ordinances and apply rent control to a broad spectrum of housing units.
"The availability and cost of housing is by far the number one economic concern of Californians today," said Jeff Allred, President and CEO of the San Gabriel Valley Economic Partnership. "The business community strongly supports more housing growth and development but enacting rent control will lead to less housing availability and higher rents. Passing Prop 10 would be an absolute disaster for California."
Earlier this year, the San Gabriel Valley cities of Pasadena and Pomona - the two most populous cities in the region - each saw separate attempts to gather signatures to place rent control measures on the municipal ballot. Both attempts failed due to lack of local support.
"The San Gabriel Valley generally has lower housing costs than downtown L.A., Orange County, Long Beach, the West Side, and the San Fernando Valley," said Allred. "This housing affordability, plus our great schools and colleges, gives our region a competitive advantage over other areas of Southern California for residents and businesses moving to or starting up. Rent control would significantly curtail that unique advantage."
The Partnership strongly encourages our member organizations and residents of the San Gabriel Valley to oppose Proposition 10 this November.
For more information, contact Brad Jensen, Director of Public Policy, at (626) 856-3400.