Home Current News California governor signs law capping rent increases

California governor signs law capping rent increases

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California governor signs law capping rent increasesCalifornia will limit rent increases for some people over the next decade after Democratic Gov. Gavin Newsom signed a law Tuesday aimed at combating a housing crisis in the nation’s most populous state. Newsom signed the bill at an event in Oakland, an area where a recent report documented a 43% increase in homelessness over two years. Sudden rent increases are a contributing cause of the state’s homeless problem, which has drawn national attention and the ire of Republican President Donald Trump.

Source: yahoo.com/news