The Urban Land Institute Orange County / Inland Empire
District (ULI OC/IE) Council will host a panel discussion, on September 7th
regarding the impact of Proposition 10, the repeal
the Costa Hawkins Act, appearing on the ballot this November.
The Costa Hawkins Act (CHA)
was enacted in 1995 to limit the ability of municipalities to impose most types
of rent control regulations. ULI OC/IE’s panel of professionals will review emerging trends on the topic of rent
control, address challenges, and discuss the impact of Proposition 10 on the
real estate industry, and the California economy as a whole.
In addition, the session will review the effect of the repeal of CHA
across the state for property investors, landlords, managers, and tenants of
existing and future homes in the midst of an historic housing crisis.
“Amid the continued shortage of housing in California,
topics such as rent control become central to the discussion of attainable
housing,” said Kendra Chandler,
Executive Director for ULI OC/IE. “Political pressure is being brought to bear
on housing issues, including declining inventory and affordability. Rent
control, as public policy, will be on the ballot in November, so our
examination of the issue at the September 7th session is both timely
and important.”
Local
industry professionals who will address the topic of rent control include:
- Barry Altshuler, Executive Vice
President, Equity Residential
- Dr. Richard Green, Director and
Chair of the USC Lusk Center for Real Estate and Chair, Department of
Policy Analysis and Real Estate
- Susie Lien, Partner, Kimball,
Tirey & St. John
- Tim Sullivan, Moderator, Managing
Principal, Meyers Research
“Focus on this timely housing issue being presented by
ULI Orange County/Inland Empire in keeping with our commitment to leadership
and forward thinking innovation,” said Chandler. “Remaining fully informed and
current enables industry leaders to utilize education, insight and experience
to establish a sound basis for action. Rent control is a topic that must be
studied now, while it is at the forefront of housing issues.”
The session on “Rent
Control: What does it mean for the California economy?” will take place from 8
a.m. to 10:30 a.m. at Newport Beach Civic Center, Community Room, 100 Civic
Center Drive, Newport Beach, CA 92660. Tickets are available now at https://orangecounty.uli.org/event/multi-housing-annual-program-3/
. Members, nonmembers and others are
urged to register now for either onsite or online attendance. Additional
information is available by contacting ULI Customer Service at (800) 321-5011.
The mission of ULI is to provide leadership in the
responsible use of land and in creating and sustaining thriving communities
worldwide. ULI Orange County/Inland Empire carries forth that mission by
serving this region’s public and private sectors with pragmatic land use
expertise and education. As a nonpartisan organization, ULI has long been
recognized as one of America’s most respected and widely quoted sources of
objective information on urban planning, growth and development. Our members
form a spectrum of land use and development disciplines, including developers,
builders, investors, designers, public officials, planners, real estate
brokers, attorneys, engineers, lenders, academics and students.
To learn more about the Urban Land Institute Orange
County / Inland Empire visit http://www.orangecounty.uli.org