Alliance of Californians for Community Empowerment along with Michael Weinstein is proposing a new ballot measure to repeal the 1995 Costa-Hawkins Rental Housing Act. The proposed ballot measure comes after the House Assembly bill AB 1506 failed to pass. To find out more about the proposed ballot measure, we sat down with Sturai Yusufi of Commercial Brokers International for an exclusive interview.
GlobeSt.com: What is the motivation to repeal the Costa-Hawkins Rental Housing Act?
Sturai Yusufi: This is something in the making because of the cost of housing going up and rental price increases. People are being displaced and homelessness is on the rise. Earlier ballot measures focused on affordable housing really enforced this conversation. With AB1506 not passing, now there is a greater push for the ballot. I think they would have had a harder time passing a house measure, and I think they will have better luck with the ballot because there are so many people who are in support of more affordable housing. In Los Angeles, there are more than 1.5 million people paying more than 50% of their income toward rent. When you have something like that, this is a ballot measure that a lot of people can get behind.
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