california; Newsom signs bill creating yearly cap on rent increases
In a move aimed at stemming the tide of skyrocketing rents that have helped spur a statewide housing crisis, California Gov. Gavin Newsom signed a sweeping rent cap bill into law Tuesday.
Beginning in January, landlords in California will face limits on how high they can raise rents.
“No one thought this could be done,” Newsom said at the signing of Assembly
Bill 1482 Tuesday at a senior center in west Oakland, surrounded by lawmakers and tenant advocates.