The California Association of REALTORS® today announced its opposition to AB 2364, a bill in Sacramento that would significantly weakens the Ellis Act by discouraging new rental housing investment and will ultimately make the state’s housing crisis even worse.
In 1985, C.A.R. successfully sponsored the Ellis Act, which is a bipartisan comprise reached by the Legislature to allow rental property owners to go out of business. Prior to the Ellis Act, unlike any other business, rental property owners were forced to stay in business, even when subjected to extreme financial conditions. The Ellis Act provides a reasonable solution that gives certainty to both rental property owners and tenants alike.
Call 1-800-798-6593 and enter your NRDS ID or the PIN number for your legislator followed by the # sign to be connected with your legislator’s office.
Ask your Assembly Member to vote NO on AB 2364.
If you live in the district of:
Assemblymember Autumn Burke – Use PIN# 3062
Assemblymember Mike Gipson – Use PIN# 3064
Assemblymember Al Muratsuchi – Use PIN# 3066
Don’t know which district you live in? Click here to find out (opens to a new page) and the come back here to take action.
The Ellis Act requires a property returned to the rental market before a 5-year period expires to include any deed-restricted or rent-controlled units previously located on the property. C.A.R opposes AB 2364 because, among other things, it seeks to weaken the Ellis Act by discouraging rental property owners from returning rental units to the market by effectively extending this 5-year period to 10 years.