California laws requiring apartment owners to ditch appliances that use fossil fuels could prompt more evictions and rent increases in the state, according to a report from the nonprofit Strategic Actions for a Just Economy.
The law could spur more evictions if landlords undertake major renovations to comply with the electrification rule. Some cities and counties in the Golden State have exceptions to renter-protection laws that allow landlords to evict tenants while making renovations.
Another law that limits rent increases at lease renewal may come into play if owners look to recoup the cost of renovations through rent increases. That law does not apply to properties built within the past 15 years.
The state has set aside funds for many more energy retrofits, including $622 million for homes in low-income communities. But the legislation enabling this work has not addressed the possibility of evictions, according to the report.
Nearly 80% of California’s low-income renters spend more than half their income on rent, the report says. Renovations to decarbonize buildings could cause rent increases that low-income households cannot afford or could temporarily force tenants to vacate buildings, which could trigger more evictions, the report says.
Related Stories
MFPRO+ News | Sep 23, 2024
Minnesota bans cannabis smoking and vaping in multifamily housing units
Minnesota recently enacted a first-in-the-nation statewide ban on smoking and vaping cannabis in multifamily properties including in individual living units. The law has an exemption for those using marijuana for medical purposes.
Adaptive Reuse | Sep 12, 2024
White paper on office-to-residential conversions released by IAPMO
IAPMO has published a new white paper titled “Adaptive Reuse: Converting Offices to Multi-Residential Family,” a comprehensive analysis of addressing housing shortages through the conversion of office spaces into residential units.
MFPRO+ Research | Sep 11, 2024
Multifamily rents fall for first time in 6 months
Ending its six-month streak of growth, the average advertised multifamily rent fell by $1 in August 2024 to $1,741.
Legislation | Sep 9, 2024
Efforts to encourage more housing projects on California coast stall
A movement to encourage more housing projects along the California coast has stalled out in the California legislature. Earlier this year, lawmakers, with the backing of some housing activists, introduced a series of bills aimed at making it easier to build apartments and accessory dwelling units along California’s highly regulated coast.
MFPRO+ New Projects | Sep 5, 2024
Chicago's Coppia luxury multifamily high-rise features geometric figures on the façade
Coppia, a new high-rise luxury multifamily property in Chicago, features a distinctive façade with geometric features and resort-style amenities. The 19-story, 315,000-sf building has more than 24,000 sf of amenity space designed to extend resident’s living spaces. These areas offer places to work, socialize, exercise, and unwind.
Resiliency | Sep 3, 2024
Phius introduces retrofit standard for more resilient buildings
Phius recently released, REVIVE 2024, a retrofit standard for more resilient buildings. The standard focuses on resilience against grid outages by ensuring structures remain habitable for at least a week during extreme weather events.
Adaptive Reuse | Aug 29, 2024
More than 1.2 billion sf of office space have strong potential for residential conversion
More than 1.2 billion sf of U.S. office space—14.8% of the nation’s total—have strong potential for conversion to residential use, according to real estate software and services firm Yardi. Yardi’s new Conversion Feasibility Index scores office buildings on their suitability for multifamily conversion.
Adaptive Reuse | Aug 28, 2024
Cities in Washington State will offer tax breaks for office-to-residential conversions
A law passed earlier this year by the Washington State Legislature allows developers to defer sales and use taxes if they convert existing structures, including office buildings, into affordable housing.
Architects | Aug 28, 2024
KTGY acquires residential high-rise specialist GDA Architects
KTGY, an award-winning design firm focused on architecture, interior design, branded environments and urban design, announced that it has acquired GDA Architects, a Dallas-based architectural firm specializing in high rise residential, hospitality and industrial design.
Affordable Housing | Aug 27, 2024
Not gaining community support is key barrier to more affordable housing projects
In a recent survey, builders and planners cited difficulty in generating community support as a key challenge to getting more affordable housing projects built. The survey by coUrbanize found that 94% of respondents tried to gain community input and support through public meetings, but many were frustrated by low attendance. Few respondents thought the process was productive.