We have a big win for all. SB 466 failed to make it off the Senate Floor. SB 466 would have eviscerated Costa Hawkins and paved the way for all local governments to impose very strict rent control measures on more residential rental housing units.
CAR and all local AOR’s led a strong effort to oppose this bill which included asking you to contact your State Senators and voice your opposition. Additionally REALTORS® from across California lobbied against the bill during our Legislative Day meetings in Sacramento. Because of these efforts, the bill was defeated on the Senate floor on Tuesday May 30th.
This is truly an important victory. You were part of CAR's campaign to California Senators urging them to oppose the bill—they heard you, they recognized the dangers of this bill, and the final vote on May 30th is a testament to the thousands of REALTORS®, rental housing providers, property managers and concerned residents who spoke up.
Although there remain several other anti-housing bills in the State Legislature where it will be critical for you to continue to speak out and make your voice heard, we thank you for your support and engagement.
It is your continued engagement that makes it clear to State Legislators how harmful this bill and other bills are when it comes to protecting rental housing in California.
A big thank you to all CVAR attendees who met with our elected leaders in Sacramento and voiced their disapproval of SB 466. Also a big thanks to CVAR’s first time attendees: Hunter Adamo, Tulio Cardona, Jenny Garcia, Chessa Hedges-Sanders, Donya Morgan-Douglas, Jorge Marquez, Lindsay Morgan, Joe Romero and Alexander Yang who on their first trip to CAR Legislative Day, spoke up and made their voice of opposition heard.
Finally a big, big thanks to our wonderful Key Contacts: Sal Armijo, Lou Cano, Linda Clinton and Carol Facciponti-Malcolm. They did a yeomans job with their persuasive efforts to defeat this bill.
Stay tuned for future updates on how you can continue to advocate to protect housing and private property rights in California.