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Proposition 33 - What It Does

Local jurisdictions will have free rein to impose and expand rent control.

Will prohibit rent increases upon vacancy (also known as vacancy decontrol) by eliminating the owner's ability to charge the market rate when a tenant vacates the unit.

Imposes rent control on all properties including single-family homes and condominiums by eliminating AB 1482 protections.

Why It Matters

Your rental income and property value will decline.

If you are renting your units below market, you may never catch up because the initiative allows local jurisdictions to "cap" how much you may increase rent following a vacancy.

Rent "caps" would apply to single-family homes and condominiums.

What You Can Do to Help

To stop Proposition 33 in 2024, CalRHA and its affiliates are asking for your support and contribution to fight this third attempt by the same anti-housing activists behind Propositions 10 and 21 from 2018 and 2020. Collectively we need to raise a minimum $5 million dollars, so we're all in this together.

$5 Million Target

The last rent control fight cost the
broader housing industry $80 million dollars.
This next fight will cost even more.

Success Together

We defeated both the 2018 and 2020
rent control initiatives.
With your support, we can do it again.

Your donation to AAOC's
Multi-County Property Rights PAC
 will help us protect your investment
and the future of rental housing
in our community. 

Thank you for your generous contribution.

CLICK HERE TO DONATE!

Vacancy decontrol allows property owners to bring rents to fair market rates when a tenant moves out. A 2024 ballot initiative seeks to ban vacancy decontrol and instead allow local governments to limit the rent that property owners can set for move-ins (vacancy control).
    
For those who have owned their properties for many years, rents are often 30% to 40% below market for long-term renters. Under vacancy control, owners who are renting below market may never catch up, as shown in the example below.  

Example, a tenant first rents a two-bedroom apartment in 2020 at $1,909 per month. Assuming a local rent cap of 3% per year, the rent is $2,086 in 2023 when the tenant vacates the unit. What is the rent you can set upon vacancy and the financial impact of vacancy decontrol versus control? Over a five-year period, you could lose $27,297 for each two-bedroom rental unit.

Help us defeat Proposition 33. Donate Today! 

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