flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

California building electrification laws could prompt more evictions and rent increases

MFPRO+ News

California building electrification laws could prompt more evictions and rent increases

Renovations may give landlords cover to force out tenants


By Peter Fabris, Contributing Editor | November 21, 2023
Image by F. Muhammad from Pixabay - California building electrification laws could prompt evictions
Image by F. Muhammad from Pixabay

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

Student Housing | Feb 13, 2024

Student housing market expected to improve in 2024

The past year has brought tough times for student housing investment sales due to unfavorable debt markets. However, 2024 offers a brighter outlook if debt conditions improve as predicted.

Sustainability | Feb 7, 2024

9 states pledge to accelerate transition to clean residential buildings

States from coast to coast have signed a joint agreement to accelerate the transition to pollution-free residential buildings by significantly expanding heat pump sales to meet heating, cooling, and water heating demand in coming years.

Multifamily Housing | Feb 5, 2024

Wood Partners transfers all property management operations to Greystar

Greystar and Wood have entered into a long-term agreement whereby Greystar will serve as property manager for all current and future Wood developed and owned assets.

Luxury Residential | Jan 30, 2024

Lumen Fox Valley mall-to-apartments conversion completes interiors

Architecture and interior design firm Morgante Wilson Architects (MWA) today released photos of its completed interiors work at Lumen Fox Valley, a 304-unit luxury rental community and mall-to-apartments conversion.

Mixed-Use | Jan 29, 2024

12 U.S. markets where entertainment districts are under consideration or construction

The Pomp, a 223-acre district located 10 miles north of Fort Lauderdale, Fla., and The Armory, a 225,000-sf dining and entertainment venue on six acres in St Louis, are among the top entertainment districts in the works across the U.S.

Apartments | Jan 26, 2024

New apartment supply: Top 5 metros delivering in 2024

Nationally, the total new apartment supply amounts to around 1.4 million units—well exceeding the apartment development historical average of 980,000 units.

Self-Storage Facilities | Jan 25, 2024

One-quarter of self-storage renters are Millennials

Interest in self-storage has increased in over 75% of the top metros according to the latest StorageCafe survey of self-storage preferences. Today, Millennials make up 25% of all self-storage renters.

Senior Living Design | Jan 24, 2024

Former Walgreens becomes affordable senior living community

Evergreen Real Estate Group has announced the completion of Bellwood Senior Apartments. The 80-unit senior living community at 542 25th Ave. in Bellwood, Ill., provides independent living options for low-income seniors.

Adaptive Reuse | Jan 23, 2024

Adaptive reuse report shows 55K impact of office-to-residential conversions

The latest RentCafe annual Adaptive Reuse report shows that there are 55,300 office-to-residential units in the pipeline as of 2024—four times as much compared to 2021.

Modular Building | Jan 19, 2024

Virginia is first state to adopt ICC/MBI offsite construction standards

Virginia recently became the first state to adopt International Code Council/Modular Building Institute off-site construction standards.

boombox1
boombox2
native1

More In Category




halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021