California will cap rent increases under a new law signed by Governor Gavin Newsom, who said tenant protections are necessary to help people being squeezed out of their homes
California will cap rent increases under a new law Gov. Gavin Newsom said he would sign Tuesday, the most significant piece of housing-related legislation in a year that also saw the shelving of a measure to relax zoning and spur more construction.
Mr. Newsom, a Democrat, said he will sign the bill into law at a ceremony in Oakland, Calif. The governor has said the rent caps and tenant protections are necessary to help people being squeezed out of their homes. The law limits annual rent increases at 5%, plus the rate of inflation,...
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