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Update on AB 1482

Many thanks on REALTORS® who contacted their legislative representatives. AB 1482 did in fact pass which established restrictive rent caps and just cause eviction policies.

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Urge Your Senator AND Assembly Member to Vote NO on AB 1482 that Establishes Restrictive Rent Caps

C.A.R. OPPOSES UNLESS AMENDED AB 1482 (Chiu), which creates a very restrictive statewide rent cap and burdensome “just cause” eviction standards. C.A.R. had reached an agreement with the sponsors and the bill’s author to make reasonable amendments to remove C.A.R.’s opposition. The consensus language would have promoted tenant protections and protected property ownership. However, because our consensus language was not incorporated into the bill, C.A.R. is opposing AB 1482. The bill could be heard in the Senate as soon as Tuesday, September 3rd and in the Assembly within a day of that. YOUR ACTION IS NEEDED NOW. YOU WILL NEED TO CALL BOTH YOUR SENATOR AND YOUR ASSEMBLY MEMBER TO ASK THEM TO OPPOSE THE BILL.

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REALTORS Address Key Legislative Issues

REALTORS® keep themselves informed on matters affecting real estate in their community, state and nation so that they may contribute responsibly to public thinking. NCAOR believes in providing the most current legislative information to the community at large; they monitor the legislation and public policy affecting the real estate industry.

The National Association of REALTORS® and State Association, known as the California Association of REALTORS keeps REALTORS® informed on decisions made by the United States Congress and State Legislature engage them with electronic “Call to Action” regarding private property rights and real estate related issues.

CAR Legislative Day May 1, 2019

For the past 47 years, C.A.R.’s Legislative Day has remained the preeminent legislative event for California REALTORS®.  Legislative Day gives REALTORS® the opportunity to meet and discuss real estate issues directly with their state legislators and staff.  Attending Legislative Day is not only a great investment in your business, it also provides you with an opportunity to hear from California's most dynamic political leaders and the leadership of your state association.  After a rewarding day of business, join your fellow REALTORS® at the fabulous Capitol Reception, which is celebrating its 25th anniversary! We look forward to seeing you at this year's Legislative Day!

LEGISLATIVE ISSUES ADDRESSED IN SACRAMENTO MAY 1 – 4, 2019

     Key Issues Addressed with Legislators-

REALTORS are sponsoring AB1590 – Creates first-time home buyer tax credits to provide more opportunities for achieving the dream of home ownership in under-served communities.

REALTORS are sponsoring SB50 – The legislation seeks to authorize implementation of transit/job-rich housing project bonuses for new development because job growth is outpacing housing starts.

REALTORS oppose SB329 – It forces all residential rental property owners to involuntarily participate all government assistance and subsidy programs including Section 8 housing.

Issues addressed in Committee and Approved by C.A.R. Directors to sponsor or oppose

Membership –

Peggy Davis of Nevada County approved as an C.A.R. Honorary Member

May 10th deadline for C.A.R. leadership position applications/nominations

Homeownership Housing –

C.A.R. to take a watch position on SB5 which proposes to establish the Local-State Sustainable Investment Incentive Program.

C.A.R. to oppose unless amended SB274 to eliminate provisions requiring mobile home park management to offer tenancy under the exact same terms and conditions that were in place prior to the destruction of a mobile home park.

C.A.R. to support SB434 which requires a managing agent for a home owners association whose management agreement has been terminated to turn over all operations manuals and documents within 30 days of written request.

C.A.R. to seek to amend AB587 to mirror existing deed restriction requirements (45 yrs. for owner-occupied units) instead of in perpetuity for the construction of an accessory dwelling unit.

Investment Housing –

C.A.R. adopted an “Oppose unless Amended” position on AB1482 which places a statewide cap on the amount that a rental property owner may annually increase rent.

C.A.R. adopted an “Oppose unless Amended” position on AB1481 and AB1697 which prohibit a rental property owner from terminating a lease without just cause.

C.A.R. adopted an “Oppose unless Amended” position on AB36 which modifies the Costa- Hawkins Rental Housing Act.

C.A.R. supports SB521 which establishes a tax credit for rental property owners for dwellings or units that are rented or leased to persons receiving assistance under Section 8.

C.A.R. adopted a “Watch” position on AB1110 which heightens notice requirements for rental property owner of a residential dwelling with a month to month tenancy who increases the rent by more than 10%.

Legislative –

C.A.R. and N.A.R. oppose the new 14-day inspection period for HUD Section 8 housing.

C.A.R. will appoint a Rental Housing Legislative Advisory Group to provide expertise to C.A.R. on critical landlord-tenant issues arising during the remainder of 2019.

Land Use/Environmental –

C.A.R. opposes AB38 and SB182 which mandate fire hardening retrofits and a point of sale certification for housing.

C.A.R. supports AB1674 and AB1318 both of which expand the definition of “School facility” to allow the use of school bonds to construct on-site housing.

C.A.R. supports AB1516 for enhanced defensible space requirements, including a fuel reduction mandate within 5-30 feet and a non-combustible zone within 5 feet of the structure, and compliance inspections.

Transaction and Regulatory –

C.A.R. supports legislation which limits the problematic impacts of the CA Consumer Privacy Act and opposes legislation that would negatively impact the real estate industry as it relates to the CCPA.

C.A.R. supports AB1384 which increases the loan amount from $2,500,000 to $4,500,000 for specified construction and rehabilitation loans.

C.A.R. supports if amended AB1339 which involves mechanic’s lien priority, if the bill disallows a subcontractor form filing a mechanic’s lien when the general contractor has already been paid.

C.A.R. supports NAR’s mortgage finance reform proposal for Fannie Mae and Freddie Mac.

Federal –

C.A.R and N.A.R. join forces to support the Treasury Department or Federal Housing Finance Agency using Fannie Mae and Freddie Mac profits to build a capitol reserve fund.

C.A.R. in conjunction with NAR, support FHA loans with debt to income above 43% and credit scores below 620 being manually underwritten.