RELEASE: Los Angeles County Single Family Homes Will Have Rents Regulated If Prop 10 Passes, Says Key County Official, October 25, 2018
LOS ANGELES – A Los Angeles County official today said the county would seek to put rent control on single-family homes if Proposition 10 passes – the first-time proponents of the statewide ballot measure have admitted their aim of putting new regulations on millions of county homeowners.
Representing the Yes on 10 campaign in a debate conducted by the online real estate database company Zillow, Molly Rysman, Housing and Homelessness Deputy Los Angeles County and an aide to Los Angeles County Supervisor Sheila Kuehl, said “It would be huge for us to be able to provide rent regulation on single family homes.”
She stated that 70 percent of the rental units in the county are single-family homes, and that they now are exempt from rent regulation because of the Costa-Hawkins Act, which Prop 10 aims to repeal.
The state’s nonpartisan Legislative Analyst (LAO) has noted Prop 10 would likely lead in a reduction in the value of property. That, in turn, would lead to a reduction in revenue to the state and local communities.
“The dishonest proponents of Prop 10 are airing television advertisements saying that Prop 10 will not affect single-family homeowners, but their own spokesperson has spilled the beans and announced an intention to dramatically reduce the value of single-family homes in Los Angeles County,” said Steven Maviglio, the No on 10 campaign spokesperson. “This move will clearly worsen California’s housing crisis, as homeowners pull their rental units off the market rather than be subject to draconian regulations of their homes.”
Also in the Zillow interview, USC Professor Richard Green said Prop 10 would reduce the construction of new affordable housing and reduce “churning” that makes more apartments available for low- and middle-income families.
Watch the full Zillow interview with the company’s chief economist Svenja Gudell here.