Local Level – It’s all about building a healthy local economy – Property Tax Fairness Initiative and Maintaining Costa -Hawkins Rental Housing Act.
Two initiatives on the statewide ballot this November could dramatically affect housing opportunities, private property rights, and the availability of affordable housing.
The first is Prop 5 (Property Tax Fairness Initiative), C.A.R.’s own initiative to create new homeownership opportunities by generating more sales of single-family homes in existing neighborhoods. This will benefit young families at a time when California faces a severe shortage of homes for sale. C.A.R. qualified the Property Tax Fairness Initiative for the November ballot earlier this year after it submitted nearly 1 million voter signatures to the Secretary of State’s office—a strong indicator of voter support.
The second measure of concern on the November ballot is Prop 10, which C.A.R. strongly opposes, is the so-called “Affordable Housing Act.” If passed, the longstanding Costa-Hawkins Rental Housing Act would be repealed and exacerbate the housing crisis, eventually allowing local governments to impose draconian rent control measures.