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Friend --
For years, speculators and corporate landlords have taken advantage
of the Ellis Act to evict California tenants and put them on the
streets.
We have the opportunity to stop this now and hold speculators and
corporate landlords accountable. AB 854 will reform the Ellis Act to
prevent speculators from taking advantage of it and AB 1199 will work
to hold corporate landlords accountable. Both bills are hitting major
milestones TOMORROW.
Click
here to email key elected leaders to urge them to support AB 854 and
AB 1199!
The Ellis Act was originally passed
to protect small “mom and pop” landlords who could no longer tend to
their rental property. A series of court decisions vastly expanded the
Act’s reach. Instead of requiring units to sit vacant, courts held
that owners could convert the rental units to ownership. This led to
speculators buying buildings and then “going out of the rental housing
business” soon after. Eviction notices to long-term tenants and the
permanent removal of affordable rental units followed.
We
must stop this revolving door of speculator evictions! Take 1 minute
to email key legislators and urge them to pass AB 854 out of the
Housing and Community Development Committee!
In addition to Ellis Act reform, AB 1199, the Homes for Families
Act, would prevent the same kind of speculator buy out of housing that
happened after the 2008 financial crisis by bringing transparency and
oversight to LLCs - requiring them to report on the beneficial owners
of these properties. It will also tax the largest corporate landlords
for the privilege of engaging in this business, and the funds
generated will provide homeowners education, rent relief for at-risk
tenants, legal services for renters facing eviction, support for
affordable housing, initiatives to address the state’s growing
homelessness problem, and financial support for struggling mom-and-pop
landlords.
We
need to place stronger regulations on corporate landlords and
speculation in our state to protect Californians. Click here to urge
key legislators in support of AB 854 and AB 1199!
In solidarity,
Ra'Jhon
ACCE Action
http://www.acceaction.org/
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