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Legislation that would have cut permissible rent increases in half – Assembly Bill 1157 (Kalra) – failed passage in the Assembly Judiciary Committee this month. The bill would have also included single family residences that are now excluded from California’s statewide rent control law in the revised law.
Assembly Bill 1406 (Ward), would increase the amount of liquidated damages presumed reasonable upon a contractual default by the buyer/occupant of residential property, from three to ten percent of the purchase price when the residential property is a newly constructed condominium.
The Secretary of State has approved the “Billionaires Tax Act” for circulation to obtain signatures to place the initiative on the ballot for the November 2026 election.
The California Legislative Analyst’s Office (LAO) released its Fiscal Outlook report and now estimates a $18 billion budget gap this coming fiscal year. The report advises the Legislature to address the budget problem through a combination of ongoing solutions—namely, achievable spending reductions and/or revenue increases.
Assembly Speaker Robert Rivas has appointed Assemblymember Buffy Wicks (D–Oakland) to Chair the newly established Select Committee on Housing Construction Innovation, a body tasked with exploring and advancing modern, cost-efficient, climate-smart approaches to building new homes in California.
California Secretary of State Shirley N. Weber, Ph.D., announced that the proponents of a several initiatives are cleared to begin collecting petition signatures. The Attorney General prepares the legal title and summary after which the Attorney General forwards it to the proponent(s) and to the Secretary of State, and the initiative may be circulated for signatures.
Assembly Bill 130 is a budget bill that was signed by Governor Newsom on June 30th. A provision highlighted by the CLTA was the revision of the foreclosure law placing new restrictions on lenders’ ability to foreclose on subordinate mortgages. Another significant provision not directly affecting title, but that could raise housing costs is the vehicle miles traveled (VMT) fee in Section 58 of the legislation.
Personnel Records on Education and Training; Notice to Employees of Specified Constitutional Rights
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