California Ballot Measures Could Impact Apartment Owners

Two competing measures on the California primary ballot in June could have a big impact on owners of apartment properties in the state. Both are aimed at limiting the ability of local governments to use eminent domain to reclaim private property for other private uses.

However, one measure goes further: It would eliminate rent control in cities such as San Francisco and Los Angeles, where such restrictions are written into local ordinances. Sponsored by the politically powerful Howard Jarvis Taxpayers Association, that measure is known as Proposition 98. At least 17 cities would be affected by the rent-control rollback, the San Francisco Chronicle reported.

The competing measure, Prop. 99, was put forward by a coalition led by the League of California Cities. Its supporters call Prop. 98 a “Trojan horse” intended to trick voters into abolishing rent control and tenant protection laws. They also say Prop. 98’s provisions could erode environmental protections and destroy local land-use planning.

The full text of the two measures can be found at the California Secretary of State’s at www.sos.ca.gov.

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