What is The Santa Cruz Rent Control Initiative?
The local Santa Cruz Rent Control and Tenant Protection Act has three major parts:
- For some apartments a limit on rent increases to the Consumer Price Index change per year.
- New laws restricting rights for every property in the city including single family homes, condos, duplexes and ADUs.
- Creation of a new Rent Board bureaucracy costing millions paid for by both the city and new taxes on rentals.
Who Wins With the Initiative?
Those who today are in an older apartment and plan to stay for the long term. This is a minority of rental units and this groups size will go down every year.
Everybody else. The vast majority. Average homeowners face new restrictions limiting whom they can rent to, and for how long. Dramatically fewer rentals will be available and gentrification accelerated. Housing providers and housemates will no longer be able to take significant action to manage extra-large households, disabled vehicles, refuse, fraternities, or excessive noise. Overall rent costs will increase due to scarcity. Homelessness will actually increase. Peace and quiet of neighborhoods will never be the same.