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HomeMy WebLinkAboutAdopt Resolution No. 2018-50 opposing the Local Rent ControlFile #: 18-279 City of Huntington Beach POV �_�' �®��,5�Af MEETING DATE: 9/4/2018 REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: Honorable Mayor and City Council Members SUBMITTED BY: Fred A. Wilson, City Manager PREPARED BY: Antonia Graham, Assistant to the City Manager Subject: Adopt Resolution No. 2018-50 opposing the Local Rent Control Initiative of 2018 as recommended by the Intergovernmental Relations Committee (IRC) Statement of Issue: On July 25, 2018, the Intergovernmental Relations Committee met and members recommended that the City take a position on Proposition 10 Local Rent Control Initiative of 2018 which will appear on the November 2018 ballot. Financial Impact: There is no fiscal impact. Recommended Action: Adopt Resolution No. 2018-50, "A Resolution of the City Council of the City of Huntington Beach Opposing the Local Rent Control Initiative of 2018." Alternative Action(s): Do not adopt the resolution and direct staff accordingly. Analysis: On July 25, 2018, the Intergovernmental Relations Committee comprised of Mayor Mike Posey, Mayor Pro Tern Erik Peterson, and Council Member Lyn Semeta, met and discussed pending legislation and November 2018 ballot measures. The Committee voted unanimously to take an Oppose position on Proposition 10 in the form of a Council Resolution. Proposition 10 is an initiated State statute that would repeal the Costa -Hawkins Rental Housing Act (Costa -Hawkins), thus allowing local governments to adopt rent control ordinances - regulations that govern how much landlords can charge tenants for renting apartments and houses. Proposition 10 would also state that a local government's rent control ordinance shall not abridge a fair rate of return for landlords. City of Huntington Beach 136 Page 1 of 2 Printed on 8/29/2018 powered by Legistar— File #: 18-279 MEETING DATE: 9/4/2018 Costa -Hawkins is a State statute that limits the use of rent control in California and provides that cities cannot enact rent control on: (a) housing first occupied after February 1, 1995; and, (b) housing units where the title is separate from connected units, such as condominiums and townhouses. Costa -Hawkins also provides that landlords have a right to increase rent prices to market rates when a tenant moves out. Prior to the enactment of Costa -Hawkins, local governments were permitted to enact rent control, provided that landlords would receive just and reasonable returns on their rental properties. While the State is in the midst of a housing crisis, Proposition 10 is not a panacea and does little if anything to solve the State's housing problem and is a deeply flawed measure that will likely worsen the problem. Independent academic experts from Stanford and U.C. Berkeley agree that Proposition 10 will reduce construction of affordable and middle-class housing and eliminates protections for homeowners. Homeowners who rent even a single room in their homes will be subject to permanent price controls enacted by local governments and unelected rent boards. These changes will reduce home values for middle-class families at a time when many are counting on their homes to help finance their retirement. Additionally, Proposition 10 will cause property owners to take rental units off of the market in favor of vacation listing services like "Air BnB" and "VRBO" which means more short term rental units in our communities and less affordable housing for renters - further driving up housing costs. Proposition 10 is opposed by a myriad of groups throughout the State. Veterans, seniors, teachers, affordable housing advocates, and the business community all have taken an Oppose position on Proposition 10. Environmental Status: Not Applicable. Strategic Plan Goal: Improve quality of life Attachment(s): 1. Resolution No. 2018-50, "A Resolution of the City Council of the City of Huntington Beach Opposing the Local Rent Control Initiative of 2018." City of Huntington Beach Page 2 of 2 Printed on 8/29/2018 137 powered by LegistarT1d RESOLUTION NO. 2018-50 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HUNTINGTON BEACH OPPOSING THE LOCAL RENT CONTROL INITIATIVE OF 2018 WHEREAS, the Costa -Hawkins Rental Housing Act was signed into law in 1995 to prevent cities from enacting rent control on housing first occupied after February 1, 1995; and WHEREAS, the Costa -Hawkins Rental Housing Act gave landlords the right to increase rent prices to market rates when a tenant moves out; and WHEREAS, Proposition 10 was placed on the November 2018 statewide ballot through the initiative process to repeal the Costa -Hawkins Rental Housing Act; and WHEREAS, the State's nonpartisan Legislative Analysts Office (LAO) points out that expanding the number of housing units covered and prohibiting landlords from resetting rents to market value for new tenants will not increase the supply of housing in California and likely would discourage new construction in the state; and WHEREAS, Proposition 10 would cut revenues to state and local governments by up to hundreds of millions of dollars, according to the LAO; and WHEREAS, the policies authorized by Proposition 10 have been shown to reduce property values by more than 10% and significantly restricts what single-family homeowners can do with their homes; and WHEREAS, Proposition 10 contains a hidden loophole requiring taxpayers to pay the initiative supporters' legal bills for participating in certain lawsuits, even if they lose and even if their position is frivolous. NOW, THEREFORE, the City Council of the City of Huntington Beach does hereby resolve as follows: SECTION 1. The City of Huntington Beach hereby opposes the Local Rent Control Initiative sponsored by the Coalition for Affordable Housing on the grounds that it repeals a Housing Law with no solution; and SECTION 2. The City of Huntington Beach hereby opposes the Local Rent Control Initiative sponsored by the Coalition for Affordable Housing because it will reduce home values; and 18-6783/186084 SECTION 3. The City of Huntington Beach hereby opposes the Local Rent Control Initiative as it takes away local control. PASSED AND ADOPTED by the City Council of the City of Huntington Beach at a regular meeting thereof held on the 4th day of Sept®ber _ , 2018 . REVIE E D APPROVED: L City Aa`g r 2 ....I .Wr; �. ITIATED AND APPROVED: stant to the City 18-6783/186084 Res. No. 2018-50 STATE OF CALIFORNIA COUNTY OF ORANGE ) ss: CITY OF HUNTINGTON BEACH ) I, ROBIN ESTANISLAU, the duly elected, qualified City Clerk of the City of Huntington Beach, and ex-officio Clerk of the City Council of said City, do hereby certify that the whole number of members of the City Council of the City of Huntington Beach is seven; that the foregoing resolution was passed and adopted by the affirmative vote of at least a majority of all the members of said City Council at a Regular meeting thereof held on September 4, 2018 by the following vote: AYES: Semeta, Posey, Delgleize, Brenden, Peterson NOES: O'Connell, Hardy ABSENT: None RECUSE: None City Clerk and ex-officio Clerk of the City Council of the City of Huntington Beach, California