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URBAN LAND INSTITUTE TO TACKLE THE IMPACT OF RENT CONTROL ON CALIFORNIA'S ECONOMY

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NEWPORT BEACH, CA, Aug. 31, 2018 (GLOBE NEWSWIRE) -- 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.

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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.



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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 a 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, non-members 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 www.orangecounty.uli.org.

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Francine Bangert
Urban Land Institute Orange County / Inland Empire
7143359646
fran@kovachmarketing.com

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