CAR Unveils 2004 Legislative Agenda

SACRAMENTO, CA-The California Association of Realtors’ unveiled its 2004 legislative agenda this week. The organization says it is sponsoring four bills it believes will “improve homeownership opportunities for renters, increase the supply of second units, reform the low- and moderate-income housing requirements in cities and counties, and increase the flexibility and usefulness of the density-bonus law.”

Here’s a brief look at the bills:

AB 2175–Changes the standards for condominium conversions by permitting an owner to convert to condominiums if 50% of the tenants agree to buy their units. The bill provides that those tenants not choosing to buy remain protected under local rent-control laws. An owner may not convert under this bill if there have been any serious code citations within the last six months. Status: In Assembly, awaiting policy committee assignment.