Proposition 33 would give local jurisdictions in California vastly more power to regulate rents, allowing them to put price caps on homes and situations where they currently cannot. At the moment, state law limits rent increases for tenants in apartments and corporate-owned single-family homes that are older than 15 years. The cap is set at 5% plus inflation, with a maximum increase of 10%. Local jurisdictions can impose stricter caps, but with limits.
The measure is sponsored by the AIDS Healthcare Foundation, a Los Angeles nonprofit that has been active in housing and planning issues in recent years. The group was behind two similar statewide rent control initiatives that failed in 2020 and 2018. Other supporters include labor and tenant organizations such as Unite Here Local 11 and the Coalition for Economic Survival. Many in the real state industry. The California Apartment Assn. is organizing a campaign against the measure.